Latest market news as of May 12, 2023

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🔥Implementation of Guarantees of Origin in Ukraine: EUEA Interview with Naida Taso from Energy Community Secretariat

EUEA team sat down with Naida Taso, an expert of the Energy Community Secretariat, to discuss the Secretariat’s work on the Guarantees of Origin and address the questions on the options for the implementation of the mechanism of GOs for Ukraine.

The full interview.


✔️A meeting regarding the resumption of electricity exports to Slovakia was held

​​On May 10, 2023, a regular meeting was held with the participation of NEURC representatives, the leadership of the Secretariat of the Energy Community, and transmission system operators (TSOs) of Ukraine and Slovakia.

In particular, the meeting discussed the issue of regulating the resumption of Ukrainian electricity exports to Slovakia and the implementation of the agreement reached as a result of the previous meeting, according to which NPC "Ukrenergo" had to promptly submit to the Regulator the agreement on the distribution of revenues from participation in the distribution of transmission capacity of the Ukraine-Slovakia interstate crossing. Source.


✔️ NEURC, on the initiative of NPC "UKRENERGO", will conduct a scheduled inspection of the company

On May 9, 2023, the NEURC will begin conducting a scheduled inspection of compliance with the requirements of legislation and licensing conditions in the energy sector of NPC "UKRENERGO".

NPC "UKRENERGO" by letters №01/6363 dated February 3, 2023, and № 01/14730 dated March 23, 2023, appealed to the NEURC with a request to consider the possibility of changing the start date of the corresponding scheduled inspection in 2023 by moving it to an earlier period, and specifically for March or May 2023, in order to prevent the financial stability of the company from becoming unbalanced. Source.


⚡️ NEURC expanded the rights of consumers to sell their own electricity

The decision to grant all consumers of electricity (both household and non-household) the right to sell the energy produced by the generating plant and/or storage plant of such consumer of electricity to any supplier under a free contract and at a contractual price was adopted by the NEURC at a meeting on Tuesday. As reported on the regulator's website, such a decision will contribute to the expansion of competition in the retail market of electricity and is aimed at the development of distributed generation and ensuring the "green" transformation of the energy industry.


✅ Ukraine has adopted a state standard for injecting biomethane into distribution and main gas networks

This is the basic technical standard of the EU, which is used to determine the requirements for the quality of biomethane and the content of chemical compounds in it. Now DSTU EN 16723-1:2023 "Natural gas and biomethane in transport and biomethane for injection into the natural gas network" has become part of Ukrainian legislation, the "Regional Gas Company" reports. 

Based on the standard, technical conditions will be issued for connecting biomethane plants to gas distribution networks. The document will enter into force on November 1, 2023.


📌State Agency on Energy Efficiency and Energy Saving (SAEE) is launching a large national leasing platform

«We are launching a national leasing platform - a unique financial instrument, thanks to which Ukrainian communities will have access to modern energy-efficient equipment from the world's leading manufacturers," noted  Hanna Zamazeyeva.

The SAEE is developing a number of tools that will help local communities, residents and businesses get quick access to both financing and modern energy-efficient technologies. In particular such as: assistance to the population in the implementation of energy-efficient measures; support for private households in installing solid fuel boilers, solar collectors, etc.; support of municipalities, critical infrastructure facilities, businesses in the transition to alternative energy sources; cheaper loans for ESCO companies to accelerate the reconstruction of hospitals, schools and other social facilities; transition to electric transport and other programs. Source.


🤝Investment company BlackRock will support the Development Fund of Ukraine

President Volodymyr Zelenskyy held a meeting with the management of the world's largest asset management company BlackRock. In particular, the parties discussed the details of the creation of an investment fund for the recovery of the economy of Ukraine with the attraction of capital.

As reported by the press service of the President's Office, as a result of the meeting, the Ministry of Economy signed an agreement with BlackRock Financial Market Advisory on the provision of support services to the Development Fund of Ukraine. It is noted that the main purpose of creating the fund is to attract private and public capital for the implementation of large-scale business projects in Ukraine. Details.


👉🏻Ukraine is preparing to launch a private insurance market for military risks

Military risk insurance is available from several international financial institutions, including the World Bank Group's MIGA and the American Development Finance Corporation (DFC). DFC already insures Ukrainian investors and considers projects worth hundreds of millions of dollars. Conditions are also created for the launch of the private insurance market through access to the reinsurance capital of companies. The pool of donor aid is approved on the Multi-Donor Coordination Platform and it is envisaged to create a separate dedicated Trust Fund to provide reinsurance capital and cover the "first loss guarantee". In the future, it is also planned to create a self-regulating institution like the Motor (Transport) Bureau, the concept of which is currently being developed together with the National Bank of Ukraine.  Source.


👉🏻EUEA RES market review: market news and settlements review, April 2023

This review covers important topics such as payments to RES producers by the Guaranteed Buyer, price dynamics of DAM and IDM, changes in electricity imports and exports, and major industry updates for the month of April.

Review: April Review 05.05.23


👥EUEA welcomes GOLDBECK SOLAR, a new member company!

GOLDBECK SOLAR is a German company specializing in the turnkey construction of large-scale solar PV plants. Its offering covers the entire value chain, from project development, project financing, construction, technical operation, maintenance, and asset management to the integration of storage technologies and direct sales of clean energy. Since its founding in 2001, the company has built over 2.5 GW of solar PV plants in 20 countries. GOLDBECK SOLAR has also grown into an important IPP player and is the single largest IPP in Kazakhstan, as well as being the majority shareholder of the largest solar PV plant in Poland. The company also has plants under construction for its IPP portfolio in Canada and Chile. 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, Goldbeck Solar, 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, NOTUS Energy, Scatec Solar,  Sfera, Sumitomo, SPP Development Ukraine, Thermosystems, TIU Canada, Ukrwindinvestments.


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