Current price caps hinder the energy market's growth and obstruct imports, according to Tynny.

Current price caps (maximum electricity prices) limit the potential for the development of Ukraine's energy market and hinder imports.

This was stated by Igor Tynny, co-founder of the Ukrainian Renewable Energy Association, businessman, and investor in renewable energy, as reported by RBK-Ukraine citing Delo.ua.

"Why do price caps even exist? They are implemented to prevent distortions or manipulation in the market, to avoid mathematical inaccuracies during trading, and to protect consumers from market conspiracies," he explained.

At the same time, Tynny reminded that state companies hold a 60% share in the energy market. The government also fully controls the export and import of electricity, inter-state connections, high-voltage networks, half of the regional energy companies, and has its own trader.

According to Tynny, the current price restrictions are hindering the potential for electricity imports at a time when market prices in neighboring countries are higher than the established price caps in Ukraine.

"We have become an energy-deficient country, and we need to import electricity. From time to time, market prices in neighboring countries exceed our limits. Businesses would be happy to pay more for electricity to avoid being cut off, but they can't," he summarized.

It is worth noting that the Vice President for Energy Affairs of the Ukrainian National Committee of the International Chamber of Commerce also stated that the existing regulatory restrictions in Ukraine's electricity market impede effective electricity imports.