👉🏻On July 26, the NEURC approved the Procedure for the distribution of revenues from the management of constraints between operators of the transmission systems of Ukraine and Romania, provided by NPC "Ukrenergo"

According to the terms of the draft Agreement between operators of the distribution systems of the two countries, it is assumed that the income (without VAT) from the management of constraints on the border between Ukraine and Romania is distributed between NPC "Ukrenergo" and C.N.T.E.E. Transelectrica S.A. in the ratio of 50% by 50%. The adopted decision will allow to regulate the export-import operations of electricity through the cross-border flow in the direction of Ukraine - Romania and will help to stabilize the energy system, as it creates conditions for the import of electricity from Romania during the deficit hours of the day and the export to Romania during the hours when there is a surplus of electric energy. Details.

✍🏻The President of Ukraine signed a comprehensive draft law №9011-d for the RES industry

Volodymyr Zelenskyi signed the law 3220-IX (the draft law #9011-D) on amendments to some laws of Ukraine regarding the restoration and green transformation of Ukraine's energy system. The changes are intended to introduce a mechanism for guaranteeing the origin of electric energy from RES, contracts for the difference. Also, conditions should be created for holding auctions for allocation of quotas to support RES.

✔️ The Ukraine Energy Market Observatory predicts a positive impact of the REMIT law

The Ukraine Energy Market Observatory, created within the Energy Community Secretariat, predicts the positive impact of the REMIT law on the economy of Ukraine. The document published by the Energy Community on July 21 indicates that Law of Ukraine No. 3141-IX "On Amendments to Certain Laws of Ukraine on Prevention of Abuse in the Wholesale Energy Market" will have a positive impact not only on the functioning of the energy industry, but also on the country's economy in as a whole, since the transparency of this segment is a key factor in economic growth. The REMIT Law is aimed at fulfilling Ukraine's obligations regarding the implementation of EU Regulation No. 1227/2011, which establishes rules of integrity and transparency for all market participants. In their assessments, the experts of the Observatory indicate that the content of the REMIT Law takes into account all the main requirements of the Regulation and will contribute to bringing the Ukrainian energy market to the standards of the European Union. Details.

💬 Some key notes from the Forbes Ukraine interview of DTEK General Director Maksym Timchenko

• DTEK Renewables International plans to be DTEK's first IPO experience, focusing on the development of green projects.
• DTEK traders are actively entering a new niche, buying electricity from small green electricity producers in Europe with a capacity of 20 to 30 MW.
• The company is actively expanding its presence in green energy with two projects in Romania: a 60 MW wind farm and a 50 MW solar farm, scheduled for completion by the first quarter of 2024. In addition, in 2024, the start of construction of a wind power plant in Croatia is planned, as well as projects under development in Italy and intentions to build power plants in Poland.
• The company's plans until 2030 include the construction of up to 5 GW of green energy capacity in Europe, for which investments are kept at the level of €6-6.5 billion.
• The main scenario for the company is the transition of all SPPs in Ukraine to work without a green tariff, which will allow optimizing their operation.
• An important step for the company's projects focused on the export of electricity to the EU was the regulation of certificates of guarantees of the origin of electricity by draft law No. 9011-d. Details.

👉🏻State energy trader ECU guarantees the sale of 100% green electricity to its counterparties

JSC Energy Company of Ukraine has concluded the first agreements with energy producers from renewable energy sources (RES) regarding balancing services and guaranteed purchase of electricity, said the General Director of ECU, Vitaliy Butenko. The energy company can become part of the solution to investors’ problems in green energy. “We help to create additional value for industry producers and reduce their risks of working on the energy market. At the same time, green generation does not need to create its trading department, which allows renewable energy producers to take advantage of new market opportunities as safely as possible,” said the head of the ECU. According to him, the balancing service is in demand due to the difficulty of forecasting RES production. It helps RES producers eliminate financial costs and optimize imbalances through the mechanisms of the state balancing group, the second largest market. Details.

👉🏻"Market Operator" opened a platform for retail electricity trade

JSC "Market Operator" has developed a platform for retail trade in electricity - RETAIL ENERGY PLATFORM . According to the company, REP is an IT solution that makes it easy for consumers to find their supplier. The platform allows to find the required kWth quickly and free of charge from suppliers - from licensed participants of the electricity market. The supplier can offer his terms and price of electricity supply, and the consumer can find a favorable offer for himself - adds the market operator.

💲Lithuania will help Ukraine to develop thermal energy production from biomass

As part of the memorandum between the SAEE and the Lithuanian Energy Agency, the Ukrainian-Lithuanian team will work on solutions for the use of biomass for centralized heat supply, including using highly efficient cogeneration technology. The parties agreed to cooperate within the framework of focus groups, in particular: to conduct a detailed analysis of the state of the heat supply sector and the possibilities of switching to biomass; consider potential alternative fuel projects in communities. Details.

💲The Energy Efficiency Fund compensated participants with UAH 1 billion over five years

Over the five years of its existence, the Energy Efficiency Fund has compensated program participants, co-owners of multi-story buildings and communities with almost UAH 1 billion for energy modernization projects. According to the press service of the Energy Efficiency Fund, in particular, under the "Energodim" program, the Fund compensated approximately UAH 886 million, "VidnovyDIM" - approximately UAH 100 million. There are 280 fully or partially completed projects under the "Energodim" program, about 70 - under the "VidnovyDIM" program. Currently, more than 74,000 households are participating in the Fund's programs: more than 64,000 are under the "Energodim" program, and more than 10,000 are under "VidnovyDIM". In addition, currently 252 communities of Ukraine are partners of the institution. As a result of such work, there are 137 regional initiatives to support condominiums, which contribute to the implementation of projects under the "Energodim" program, as well as 3 such initiatives under the "VidnovyDIM" program.  Details.

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