The income of NPC Ukrenergo from the sale of the interstate section for the export of electricity to Romania and Slovakia from June 30 to August 31 rose to UAH 2.94 billion.
According to the results of daily auctions held by Ukrenergo in these areas, in the last ten days of August, proceeds from the sale of cross-sections increased by UAH 1.02 billion due to an increase in electricity prices in Europe, which directly affects the price of cross-sections. As a result, exports to Romania for ten days cost UAH 502.1 million, which is 39% higher than in the third week of August, to Slovakia – UAH 519.5 million (63% higher than the average daily cross-sectional cost in the third week of August).
The most expensive was the section on the last day of August – in Romania 56.8 million hryvnia, in Slovakia 59.4 million hryvnia.
On the same date, a new record was also set for the maximum hourly price of a section – UAH 22.1 thousand / MWh in Romania and UAH 23.7 thousand / MWh in Slovakia (previous records were UAH 21.7 thousand, respectively) /MWh and 21.27 thousand UAH/MWh).
According to Energy Reform calculations, the average hourly price of a section for ten days of August amounted to UAH 16.7 thousand / MWh in Romania, and UAH 17.3 thousand / MWh in Slovakia.
According to the Market Operator, as of August 31, the average electricity price on the day-ahead market (DAM) in Romania is EUR684/MWh (in terms of the current euro exchange rate, about UAH 25,000/MWh) , Slovakia – EUR 673 / MWh (about 24.6 thousand UAH / MWh). In Ukraine, the electricity price of the BASE period on DAM is EUR 86/MWh (about UAH 3.14 thousand/MWh).
The most active exporter is the state-owned energy trader AK ECU, which entered the market on August 19. Of the possible 3,000 MWh per day, the company buys a section for export via the Romanian direction of 1488 MWh per day (62 MW per hour of the day), along the Slovak route – for the supply of 1512 MWh per day (63 MW per hour).
The second largest exporter in both directions remains DTEK Zakhidenergo, which bought out during this period mainly a cross-section for deliveries from 1,000,000 MWh to 1,200 MWh.
Most of the remnants of the cross-section were bought out by Latest Technologies 3000, Ukr Gas Resource, Electric Trading Group, and DE Trading. Many companies participated in auctions without results.
The state-owned PJSC “Ukrhydroenergo” continued to buy a section of 100 MW on a flat schedule for the supply of electricity to Moldova (a total of 2400 MWh per day).
The section to Poland continues to buy back at daily auctions in addition to the 147 MW of capacity bought out at the monthly auction of DTEK Zakhidenergo – on August 22-31 at 63 MW every hour (1512 MWh per day),
Sections from Slovakia, Romania and Moldova at daily auctions for the last ten days of August traditionally remained not redeemed.
The section price at all auctions, except for exports to Romania and Slovakia, is 0 UAH/MWh.
As reported, on July 28, ENTSO-E increased its capacity for export to Romania and Slovakia to 250 MW. Ukrenergo held a daily auction on the same day, dividing the capacity equally. A month earlier, commercial exports began with 100 MW to Romania, from July 7 they were shared with Slovakia for 50 MW.
According to the Ministry of Energy, technically, Ukraine can already export at a capacity of 1.5-1.7 thousand MW and expects an increase in exports over time.
The head of Ukrenergo, Volodymyr Kudrytsky, noted that he expects a decision to increase exports from the Europeans on September 2.
An inter-factional deputy association (IFO) “In support of friendship, trade, economic, cultural and humanitarian cooperation with Taiwan” will start working in the Verkhovna Rada, said Alexander Merezhko, Chairman of the Parliamentary Committee on Foreign Policy and Inter-Parliamentary Cooperation (Servant of the People faction) .
“Together with our colleagues, we decided to create an IFI “In support of friendship and cooperation with Taiwan” (…) In fact, the IFI has already been created. All that remains is to announce its creation at the plenary meeting,” Merezhko told Interfax-Ukraine on Friday.
According to the head of the committee, he was one of the initiators of the creation of the IFO, which included 15 people’s deputies from the Servant of the People, Holos, and European Solidarity factions.
Merezhko noted that he personally was prompted to create an IFO by Taiwan’s actions – “serious sanctions against Russia” imposed after the start of a full-scale Russian invasion of Ukraine, and the assistance provided to our country.
“That is, Taiwan behaved like a true friend in a difficult time for us. Society in Taiwan also very actively supported Ukraine,” Merezhko stressed.
Speaking about the plans of IFIs, Merezhko emphasized that he considers the model of European countries, which have their own economic representations in Taipei, to be attractive.
“We need to develop economic, cultural, humanitarian and other ties with Taiwan. By the way, the European Parliament recommends that EU states develop ties with Taiwan. And this is right, because we have common values. For example, such as democracy and the rule of law,” explained people’s deputy.
In the statement on the creation of the IFO, handed over by Merezhko to the Interfax-Ukraine agency, the people’s deputies note the need to “develop relations with Taiwan to protect peace, within the framework of international law, the UN Charter, Ukraine’s international obligations and the one China policy.”
According to the document, the MPs included in it elected Merezhko as the head of the MFI.
Former Soviet President Mikhail Gorbachev has died at the age of 92.
“Mikhail Sergeevich Gorbachev died this evening after a severe and prolonged illness,” the hospital said. Gorbachev was the only president of the USSR in history (1990-1991).
President of Ukraine Volodymyr Zelensky signed laws within the framework of the “customs visa-free regime”.
“I have just signed the documents on accession (of Ukraine) to the Convention on the Facilitation of Formalities in Trade in Goods and the Convention on the Joint Transit Procedure. They are the actual implementation of the” customs visa-free “. We did this in record time and absolutely smoothly by all branches of government,” Zelensky said in a video message.
At the same time, the head of state thanked the diplomats, government members and deputies who ensured such a result.
“Ukraine will be a full member of the EU. We are already closer to Europe than in previous decades,” the president said.
Ukrainian industry is one of the sectors of the economy most affected by the war. Since February 24, many large enterprises, primarily in the east and south of the country, have lost their production capacities, and the staff was forced to evacuate. At the same time, individual production facilities were transferred to the western regions, where they are being restored on the basis of more modern industrial facilities, such as industrial parks that appeared shortly before the war.
The Open4business portal spoke about the future of Ukrainian industry and the prospects for the restoration of production with Igor Stakovychenko, an expert in the field of economics.
According to the expert, the production of goods with high added value should become a priority for the development of the economy for decades to come.
“Before the aggression, our industry worked mainly according to standards that were not particularly modernized in 30 years of independence. This is the so-called canonical model, when you have raw materials, workshops, shipping, logistics, and so on. And there must also be stable consumers who will always buy products. Many plants with such a system failed the market test and closed down. Mostly giants remained, who more or less adapted. After the war, it will definitely not be possible to rebuild production in the same form, a fundamentally new model is needed, ”Igor Stakovichenko is sure.
The expert noted that in the modern world, the modernization of production involves the introduction of new management methods, as well as the creation of more adaptive sites, such as industrial zones or parks.
“If you have a workshop for the production of one specific part, which is itself part of a complex and long chain for creating the final product, then the situation above is rather precarious in modern conditions since you depend on many factors: suppliers, market situation, current conjuncture. If you have, for example, a 3D printer that can produce any shape to order for a specific client, then the situation is more stable for you, since you can quickly reorient yourself when the market changes. In the modern world, the industry is striving for greater universalization,” explained Igor Stakovichenko.
According to him, the restoration of the industry should begin now and be based, firstly, on the creation of industrial parks in safe regions, and secondly, on the modernization of existing industries for new models. As an example, Stakovichenko cites the development of this concept in Poland or the Czech Republic, where industrial zones already provide up to 50% of GDP.
“The government is now acting in the right direction, providing tax incentives to such industrial zones, this will lay the foundation for the rapid restoration of the country’s industrial potential in the post-war period,” Stakovichenko summed up.
ECONOMY, IGOR STAKOVICHENKO, INDUSTRY, MARKETS, PRODUCTION, STAKOVICHENKO
In January-July this year, Ukrainian Coke and Chemical Plants (CCP) reduced the production of gross coke with 6% moisture content by 53.4% compared to the same period last year, to 2.682 million tons.
At the same time, 224.4 thousand tons of gross coke were produced in July, including 191.8 thousand tons of metallurgical coke, Anatoly Starovoit, general director of the association of coke enterprises Ukrkoks (Dnepr), told Interfax-Ukraine.
According to him, for 7 months-2022, the production of metallurgical coke amounted to 2.3 million tons.
At present, Yuzhkoks, Kametstal (former DKHZ), DMZ (Dneprokoks), Zaporizhkoks and coke production at ArcelorMittal Krivoy Rog are operating, where coke oven batteries No. 1 and 2 are in operation.
The CEO also said that in 7 months-2022, 2.94 million tons of coal concentrate were supplied to domestic CCP, including 1.63 million tons of Ukrainian production, 622.9 thousand tons were imported from the Russian Federation (before the war), from Kazakhstan (before the war) – 65.4 thousand tons, Poland – 29.1 thousand tons, Czech Republic – 38.8 thousand tons, USA – 428.8 thousand tons and Australia – 126 thousand tons.
As reported, Ukraine in 2021 reduced the production of coke by 1.3% compared to 2020, to 9.543 million tons.
