Energy Transparency Index – a powerful tool of strengthening transparency of the energy sector
The project aims to apply the Energy Transparency Index to assess the progress in Ukraine, Georgia, and Moldova and to diagnose gaps in data openness and accessibility that should be addressed by national governments.
The purpose of developing and publishing the Index is to promote higher transparency of the energy sector, which shall include indispensable and sufﬁcient conditions for stakeholders to regularly receive comprehensible, complete, up-to-date, usable information they need to make evidence-based decisions.
The Index is intended to reduce informational asymmetry in the energy sector in order to reduce chances for unfair competition, discriminatory abusive behavior and corruption, and promote proper operation of markets and the energy sector in general.
The Index will be useful for:
1) public institutions responsible for information disclosure, helping them improve their transparency and regulations concerning such disclosures. Assessing
2) consumers, as better awareness would allow them to act more rationally while minimizing expenses and increasing beneﬁts
3)companies in the energy sector, higher transparency promotes efﬁcient and innovative activity, open competition, and better relations with investors
4)Foreign partners and international ﬁnancial and donor organizations will be able to better understand and objectively assess the effectiveness of the energy policy implementation, particularities of market structure in the countries where the Index is applied.