📊 Settlements with RES producers

On August 15, SE "Guaranteed Buyer" published updated data on settlements with RES producers.

For 2022: August - 54.5%; July - 31.6%; June - 24.5%; May - 19%; April -19.2%; March - 20.1%; February - 83.7%; January - 100%.

The average percentage value of calculations for 2021 is 91%.

Debt of NPC "Ukrenergo" -  UAH 13.9 billion.

In addition, on August 16, 2022, the Northern Court of Appeal refused to satisfy the appeal of Ukrenergo and left unchanged the decision of the Commercial Court of Kyiv as of 21.02.2022 (in case №910/15705/21), which partially satisfied the claim of the Guaranteed Buyer to Ukrenergo and it was decided to collect UAH 653.4 million from the defendant in favor of the plaintiff.

✅The President of Ukraine signed the draft Law № 7427

Volodymyr Zelenskyi signed the law "On the peculiarities of the regulation of relations in the natural gas market and in the field of heat supply during martial law and subsequent recovery." The law also regulates the revenue distribution mechanism of “NPC “Ukrenergo” from the capacity distribution of the interstate crossing.

Revenue accumulated before 31 July 2022: 10% - on the development of the interstate crossing; 45% - for debt repayment in the balancing market; 45% - for payments to the "Guaranteed Buyer" for making payments to RES producers.

Revenue obtained from 1 August 2022 to 1 January 2023: 50% - for debt repayment on the balancing market; 50% - for payments to the "Guaranteed Buyer".

💡"Ukrhydroenergo" plans to generate hydrogen

In September 2022, “Ukrhydroenergo” plans to sign a contract with the German companies Andritz Hydro and MAN Energy Solutions for the supply of a 1 MW electrolyzer for hydrogen production. Its production is expected to take 6-9 months, reports general director of "Ukrhydroenergo" Ihor Syrota in an interview.

📊 Europe’s benchmark electricity price jumped more than 25% on August 22, 2022 to pass 700 euros per megawatt-hour for the first time.

Also, the price of the capacity of the interstate crossing for the export of electricity from Ukraine to Romania and Slovakia remains at a high level. This week, on August 22-24, the minimum price in the Ukraine-Romania direction was UAH 13,725/MWh, maximum - UAH 21,059/MWh. In the Ukraine-Slovakia direction, the minimum indicator is UAH 14,430/MWh, the maximum is UAH 20,345/MWh.

⚡️Ukrenergo received almost UAH 2 billion from the sale of the right to export electricity to Europe

Receipts to "Ukrenergo" from the sale of the interstate crossing for the export of electricity to Romania and Slovakia from June 30 to August 21 amount to almost UAH 1.92 billion. 

On July 28, ENTSO-E increased capacity for export to Romania and Slovakia to 250 MW. According to the Ministry of Energy, Ukraine is technically able to export 1.5-1.7 thousand MW and expects to increase exports later. Detai

🔥With big pleasure, we would like to introduce the new EUEA Director – Kateryna Polyakova!

Under Kateryna’s leadership, the European-Ukrainian Energy Agency is to continue to work on behalf of EUEA member companies and to the benefit of the RES and EE sectors to promote sustainable development in Ukraine according to the best international practices and to rebuild Ukraine’s energy sector after the war. 

Prior to joining EUEA Kateryna worked with Ukraine Power Resources, an American-led wind projects developer. Before that, she led a team in a Kyiv-based M&A boutique where she focused on the pharmaceutical and financial sectors. In 2012-2018 she worked in Switzerland as a relationship manager in private banking in a major bank. Prior to obtaining her MBA in 2011, she worked for Bank of Georgia’s investment banking team in Ukraine and later for KBC Securities. Kateryna holds an MBA degree from INSEAD and BA degree from Dartmouth College, where she majored in economics. She also holds a Certificate in Corporate Governance from the Board Director Program from UCGA/INSEAD program.

Contact of Kateryna: kpolyakova@euea-energyagency.org