December 16, 2011 Development Director of Ukrainian Energy Exchange Perevertaev Andrew attended a meeting of the Fuel and Energy Committee of the European Business Association (EBA). During the committee session meeting with the Head of the National Commission which performs state regulation in the energy sector (NERC) Sergiy Titenko was held. The representatives of the major local and foreign energy companies, employees of law and consulting firms and foreign embassies were present at the meeting. The following issues were discussed at the meeting: the independence of the regulator in the energy sector, the current state of NERC reformation, restructing of the "Naftogaz", access to the gas-transport system of Ukraine, the necessity to reform the energy sector of Ukraine, the development of the basic law on "Fundamentals of functioning of energy market." Particular attention was paid to the increase in electricity tariffs for the population.