Business news from Ukraine

Ukraine has increased electricity exports 12 times in February compared to January

9 March , 2024  

Ukraine in February 2024 compared to January has increased the volume of electricity exports 12 times, but reduced the volume of imports by a third, DiXi Group reported with reference to the Energy map portal.

As noted in its report on Friday, Ukraine exported a total of 63.1 thousand MWh (5.2 thousand MWh in January – ER), of which the most – 32% (20 thousand MWh) went to Moldova. Another 30% (19.1 thousand MWh) went to Romania, 20% (12.6 thousand MWh) – to Poland, 14% (9 thousand MWh) – to Slovakia, 4% (2.4 thousand MWh) – to Hungary, to which electricity supplies were resumed after a two-year break with the introduction of joint auctions for the allocation of sections.

It is noted that after February 11, exports exceeded imports on almost all days.

However, at the end of the month, imports were 21 MWh more than exports, totaling 84.1 thousand MWh (one-third less than January’s 122.8 thousand MWh).

40% (33.6 thousand MWh) of this volume came from Slovakia, 34% (28.7 thousand MWh) – from Romania, 16% (13.6 thousand MWh) – from Poland, 7% (6.2 thousand MWh) – from Moldova, 3% (2.1 thousand MWh) – from Hungary.

DiXi Group experts point out that in February 2023 there were no exports at all, while imports were 41% higher at 141.8 thousand MWh.

They also note that last month Ukraine received five times (February 2, 4, 27-29) emergency aid from Poland, which bought back surplus Ukrainian electricity – a total of 5.9 thousand MWh.

On February 7, Ukraine accepted excessive 1.2 thousand MWh from Poland as emergency aid.

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