In 2015, Ukraine demonstrated commitment to developing a framework for achieving energy efficiency through a market-based approach. The country adhered to several international agreements, including the EU-Ukraine Association Agreement, which required curbing its energy intensity and implementing market-oriented reforms within the sector. Among policy options available for achieving this goal, the OECD suggested developing energy service companies (ESCOs) to support Ukraine in becoming more energy efficient while creating market opportunities for private sector participation. Four sets of policy recommendations to support ESCO development in Ukraine were proposed in 2015, aimed at enhancing the country’s competitiveness while supporting the transition to a more energy efficient economy. This report assesses the progress made by Ukraine during the three years since endorsement of the policy recommendations in 2015 and makes recommendations for future activities. The present report has been carried out with the financial support of Flanders and the Slovak Republic.
