The Cabinet of Ministers recognized as invalid Resolution No. 775 on export ISO (imposed special obligations) on the electricity market. The government made this decision at a meeting on Saturday. The special obligation on the export of electricity required exporters to give 80% of their income to the state-owned enterprise Guaranteed Buyer, which actually directs … Read more
Nova Group has set up a company that will generate energy on a regular basis, including both solar and gas power, the group’s co-owner Volodymyr Popereshniuk announced on Facebook. The newly-created Nova Energy is the seventh company to join Nova Group, which owns Nova Poshta, Ukraine’s leading postal service. “When the Russians started to attack … Read more
The European Network of Transmission System Operators for Electricity (ENTSO-E) approved the accession of NPC Ukrenergo to the European Inter-Transmission System Operator Compensation (ITC) mechanism for compensation of losses during electricity transit from July 1, 2024. “I received a positive message from our colleagues from ENTSO-E, who approved the accession of Ukrenergo to the ITC … Read more
Ukraine’s energy system remains integral after Russia’s attacks, but the situation is very uneasy, Prime Minister of Ukraine Dmytro Shmyhal has said. “Last night, Russian terrorists inflicted another massive missile and drone attack on our country. The main target of the attack is again our energy system. We withstood the blow. The energy system is … Read more
Rinat Akhmetov’s DTEK Energy Holding through its subsidiary DTEK Renewables International (DRI) concluded an agreement with the Polish company Columbus Energy on the construction of a 133 MW energy storage system in southern Poland near Krakow, reported the website of DTEK. “DRI signed a final binding share purchase agreement with Poland’s Columbus Energy on March 27 … Read more
Today, Ukraine will import more than 18,600 MWh of electricity, the Ministry of Energy said in its morning report. This is the highest indicator since the beginning of the year. The grid continues to be restored after the biggest blow during the entire war, which occurred on March 22. Yesterday, according to the instructions of … Read more
The Cabinet of Ministers of Ukraine will adopt a roadmap for the gradual liberalization of gas and electricity markets with a clear plan for its implementation for the period after martial law. “Once the war winds down, the reform agenda in the energy sector will, inter alia, require restoring and enhancing competition in wholesale and … Read more
In order to improve payments for electricity by industrial consumers, it is important for the government to determine the list of critical consumers and the conditions for providing them with the resources, among which there may be restrictions on the free disposal of funds, says the advisor to the prime minister of Ukraine, member of … Read more
JSC Market Operator has developed a draft amendment to the rules of the day-ahead market (DAM) and the intraday market (IDM) and changes to the rules of the electric energy market regarding the synchronization of its work in time with European spot markets. “According to the changes proposed by the market operator, the “gate closing” … Read more
Ukraine’s energy system remains robust despite adverse weather and repeated Russian attacks, Ukraine’s Prime Minister Denys Shmyhal announced during a government meeting on Dec. 5. Despite the formidable challenges posed by both extreme weather and Russian aggression, Shmyhal underscored that Ukraine’s energy infrastructure remains steadfastly balanced. He reassured the public that no power outages are … Read more