Panel discussion “How to improve the mechanism of subsidising utility services”, May 25 – event announcement

The Centre for Economic Strategy (CES) would like to invite you to participate in the panel discussion “How to improve the mechanism of subsidising utility services”, which will take place on May 25 in the press-center of Ukraine Crisis Media Center (address: Ukrainian House, European Square, 2 Khreshchatyk Street, Kyiv) from 10:30 until 12:00.

An important milestone in reforming Ukraine’s energy sector was the increase of gas prices for the population. Since April 1, 2015 the price of gas for the population was increased to 50% of the market price and since May 1, 2016 was hiked to 100% of the market price. The increases eliminated untargeted highly subsidised gas prices in favour of a system which supports those people truly in need and significantly decreases the possibilities for diverting cheap gas to large enterprises. The increase of gas and heating prices in 2015 was accompanied by a large-scale program of subsidies introduced during the heating season. Now, the efficiency of these mechanisms can be assessed.

The Centre for Economic Strategy has produced a research paper analysing the efficiency of the mechanism of subsidies for the protection of the population and its impact on reducing energy wastefulness and boosting investment in energy efficiency. The results of the study will be presented at the panel discussion.

Questions to be discussed:

1. How to improve the targeting of subsidies? How to define the true income of the population within the context of the prevalent shadow economy in Ukraine?
2. How to design subsidies in order not to lose the incentives for energy saving? How to encourage people to invest in energy efficiency?
3. Are the social norms and regulations for utilities consumption adequate?
4. Is there a need to reconsider the financial burden on households?

Format of the discussion:

Key speakers of the panel discussion:
• Olga Bielkova, Deputy Head of the Verkhovna Rada’s Committee on the Fuel and Energy Complex, Nuclear Policy and Nuclear Safety
• Roman Kachur, Deputy Minister at Ministry of Finance of Ukraine
• Andriy Kobolyev, CEO of NJSC “Naftogaz of Ukraine”
• Yulia Kovaliv, First Deputy Minister of Economic Development and Trade of Ukraine
• Pavlo Kukhta, Deputy Head of the Group of Advisers to the Prime Minister of Ukraine
• Marta Kuzmyn, Senior Economist at the Centre for Economic Strategy
• Andriy Reva, Minister of Social Policy of Ukraine TBC

Questions to the panellists, discussion.

Moderator of the discussion: Andriy Boytsun, CES Research Director.

If you want to attend this event, please fill in the registration form.