"Looks like violation". Regulator to check sudden dismissal of Ukrenergo's board

The National Energy Regulatory Commission will check the legality of the dismissal of the chairman and all members of the board of NPC Ukrenergo. The company failed to notify the regulator of personnel changes within the statutory period, which may jeopardize its certification as a transmission system operator, according to a statement by the NEURC.

on September 26, 2025, the Supervisory Board of Ukrenergo dismissed Vitalii Zaichenko from the position of the Chairman of the Board, as well as all other members of the Board, and appointed Oleksii Brekht as interim acting Chairman.

This has created a "management vacuum" and "called into question [the company's] ability to provide effective management of the transmission system," the commission said .

NEURC points out that Ukrenergo failed to notify the Commission as a regulator of changes within the statutory deadlines.

In addition, she points to the provisions of European Directive 2009/72/EC, which gives the regulator the right to object within three weeks "if there are doubts as to the justification for the premature termination of [management's] powers".

"NPC Ukrenergo was obliged to approve changes in the management team with a suspensive condition and to inform the regulator in advance of their grounds. However, these requirements of Ukrainian law and EU regulations were not met. Sudden personnel decisions regarding the chairman and members of the board of NPC Ukrenergo look like a violation of the certification rules, which requires further study," the Commission said in a statement.

She believes that the sudden dismissal of Ukrenergo's management could undermine the trust of international partners and pose threats to electricity imports.

The NEURC says it will soon consider Ukrenergo's compliance with legal requirements and may take appropriate measures.

• The Supervisory Board of Ukrenergo stated that the reason for the resignation of the Board was procedural violations during the appointment of Zaichenko, revealed by the National Securities and Stock Market Commission, as well as the loss of confidence in him due to "certain events of recent weeks.".
• Oleksiy Brekht, who was appointed acting chairman of the board, had already headed the company from September 2024 to June 2025.