A meeting on the annual gas product was held on March 2 under the chairmanship of Prime Minister Denys Shmyhal.

With the participation of acting Minister of Energy Yurii Vitrenko, Chairman of the National Energy and Utilities Regulatory Commission of Ukraine Valerii Tarasiuk and Chairman of the NJSC Naftogaz of Ukraine Board Andrii Kobolev the participants considered the issue of introduction of annual products for consumers at a fixed price by all gas market participants.

"Opening the gas market in Ukraine has become an essential and vital step, which due to competition should demonopolize the industry and allow people to choose the best and most profitable supplier. The next step should be an annual gas product so that people can sign contracts at a fixed price for the whole year and be able to predict their expenses," said the Prime Minister.

Denys Shmyhal stressed that the population should not monitor how gas market prices change on a monthly basis. Therefore, the annual product, which, according to him, is used by all developed countries, will protect the population from sharp price fluctuations.

During the meeting, the parties discussed possible ways to launch an annual product in the second quarter. The Head of Government also instructed the head of the NEURC to hold a meeting with representatives of the district heating company to discuss mechanisms for launching an annual product for district heating providers.