Latest market news as of March 20, 2023

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Читати українською

⚡️Energy Community Secretariat and the Ukrainian Government agree to strengthen their cooperation on the rebuilding of Ukraine

At a visit to Ukraine on 14-16 March, Director Lorkowski and Deputy Director Buschle together with key stakeholders took stock of the state of energy sector reforms amidst the full-scale war by russia.

Memorandum of Understanding between the Government of Ukraine and the Energy Community Secretariat on increased cooperation in rebuilding Ukraine's energy sector was signed between Director Lorkowski and Minister Galushchenko. The cooperation extends to the National Energy and Climate Plan (NECP) as the key planning instrument for both reconstruction and the development of a green post-war economy, the renaissance of the renewable energy sector in Ukraine, development of infrastructure under the TEN-E process and the facilitation of legal claims against the russian federation for energy sector damages. 

Also, Deputy Prime Minister for Restoration of Ukraine and Minister for Communities, Territories and Infrastructure Development of Ukraine Oleksandr Kubrakov and Director Artur Lorkowski signed a Memorandum of Understanding on coordination of activities in the area of humanitarian aid for the district heating, water supply and buildings sector of Ukraine. Details.


👉🏻 NEURC collects comments on the approved resolution on imbalances for RES until March 27th

Comments and proposals to the published draft resolution are accepted until March 27, 2023 (inclusive) in written or electronic form. Emails can be found at the link.


✔️ The Government approved the Plan of Priority Actions of the Government for 2023

The Government's Action Plan consists of more than 500 tasks. Prime Minister Denys Shmyhal emphasized these draft laws, resolutions, programs and projects. Energy security is among the main priority actions. According to Shmyhal, the key task now is to start restoring the energy sector according to new standards, build new facilities and strengthen the protection of existing ones. The government will work on increasing the carrying capacity for the import-export of electricity with EU countries and will implement the principles of the European Green Deal in Ukraine - the head of the Cabinet emphasized.


✔️ The International Advisory Council has started the corporatization of Energoatom

Within the framework of the meeting of the International Consultative Council, the first meeting of the working group was held to support the corporatization of SE «NNEGC «Energoatom». The Ministry of Energy notes that Energoatom, 100% of which will remain state property, should become a more modern, efficient company, a world leader in atomic energy, thanks to corporatization. Details.


📌International support for reconstruction: The Recovery Agency has enlisted the support of G7 ambassadors

The Recovery Agency  Team met with the ambassadors and representatives of the diplomatic offices of the G7 countries, Switzerland, Sweden, Norway, Denmark and the EU Representation in Ukraine. The structure of the Agency, the main areas of work and key priorities for 2023 were presented in detail to the representatives of the partner countries. During the war, the Agency focuses primarily on the restoration of energy, housing, transport and social infrastructure in the 11 regions most affected by the war. It has also been announced that the Electronic Reconstruction Management System (ERMS) will be launched in the coming months.  Details.


👉🏻The European Commission has proposed a draft law on the technology industry with net zero emissions

On March 16, 2023, the European Commission put forward a proposal for a law on the industry with net-zero emissions in order to expand the production of environmentally friendly technologies in the EU and prepare for the transition to "clean energy". Brussels expects this to create better conditions for attracting investment, with the goal that by 2030 the union's total strategic capacity for the production of technologies with net zero emissions will approach or reach at least 40% of needs. Resource.


📌 The EU aims to reform the electricity market and abandon gas

Such a plan was proposed by the European Commission on March 14. It is envisaged, in particular, to increase the share of renewable energy sources, abandon gas, protect consumers from price spikes, as well as to increase the competitiveness of the industry. The reform involves a partial revision of EU legislation in this area. The proposal concerns, in particular, the rules for the sharing of RES. Consumers will be able to invest in wind or solar power plants or, for example, share surplus solar energy from their own SPPs with their neighbors. The EC has issued recommendations to EU member states on the promotion of innovation, technology and the creation of storage capacity. Details.


✔️Compensation for destroyed housing: Zelensky signed the law

The President of Ukraine, Volodymyr Zelenskyi, signed Law №7198 on the creation of a state register of property damaged and destroyed by the war and the procedure for state compensation for it. The approved version of the draft law provides that compensation will be provided exclusively for a property that was damaged or destroyed as a result of the actions of the russian federation from February 24, 2022. Details.

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Sincerely,

EUEA Team
Dorogozhytska str., 3, UNIT City, building B9, office 5, Kyiv, Ukraine
Mobile (WhatsApp): +38 091 331 0010

mailto: office@euea-energyagency.org   

Established in November 2009, European-Ukrainian Energy Agency (EUEA) has grown into an effective advocate for the realization of Ukraine’s massive renewable energy and energy efficiency potential, by working within Ukraine’s business community, government structures, and with other key energy market stakeholders.

EUEAMembers: 

Acciona, Beycelik-Elawan Renewable Energy LLС, CES, DTEK Renewables, EMERGY AS, EMSOLT, Electrum, Elementum Energy, Eurocape Ukraine, Fichtner, GOLAW, Guris, Green Genius, Green Future, GrECo Ukraine, GSE&C, iC consulenten, IMEPOWER, Indian Solar, Investment Fund for Developing Countries, Irshanska SES, Khmelnytsky Bio Power Plant, Scatec Solar, Schneider Electric Ukraine, Sfera, Sumitomo, SPP Development Ukraine, Thermosystems, TIU Canada, Ukrwindinvestments.


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