Does the Ukrainian electricity market correspond to the european model?

The paper explores 29 models of the European electricity markets and the degree of their deviation from the single electricity market model established by the trans-European legislation. Although all models correspond to the design of the pan-European single one, they remain significantly differentiated according to trading forms and pricing methods. The electric power system in Ukraine has developed oppositely to the European ones, and the electricity market is quasi-competitive. The study proposes a novel model for the Ukrainian electricity market, which considers the European acquis communautaires, the advanced practice in electricity market development, and the specifics of the Ukrainian electric power system.