Energy News

Office of the President

New Head of the Office of the President of Ukraine – Andriy Yermak, the decree is signed by the President of Ukraine.

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On February 7, 2020, a draft regulation was posted on the Regulator’s website, which had the characteristics of a regulatory act – changes to the Procedure for monitoring compliance by licensees conducting activities in the fields of energy and utilities, legislation in the relevant fields and licensing conditions.

The Draft Procedure provides for a change in the number of scheduled inspections (instead of once every two years, once a year) and the duration of inspections (together with the envisaged new possibility to extend the inspection term, the duration has changed almost twice). Reasons for carrying out unscheduled inspections have been clarified and other ammendments.

Comparison table to the draft order about inspections.

Comments and suggestions from individuals and legal entities, their associations are accepted until 02/21/2020 inclusive in written and / or electronic form.

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Guaranteed Buyer

The Guaranteed Buyer records losses on the PSO performance during January-February 2020. The negative financial results of the Guaranteed Buyer are related to the general situation in the Day ahead market – supply exceeds much demand.

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The Board of the National Bank of Ukraine has decided to cut the key policy rate as much as 2.5 pp. to 11% per annum effective 31 January 2020. This is the lowest rate since July 2014.

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Import of electricity

Ukraine has for the first time gained experience in importing electricity with the introduction of a new model of the electricity market, which has been operational since July 1, 2019. Expro Electricity has prepared an  import 2019 analysis.

The main trends in the second half of 2019:

Slovakia has become the largest electricity supplier among neighboring countries in Ukraine;

Ukraine has used the potential of networks to import electricity from the EU by 27% and from CIS member states by 5.3%;

DTEK became the largest electricity importer among other Ukrainian companies in 2019;

Belenergo, a Belarusian state-owned company, has become the largest electricity supplier in Ukraine;

Several of the European traders entered the Ukrainian market.

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