Business news from Ukraine

State-owned enterprise Guaranteed Buyer has paid UAH 4.3 billion to renewable electricity producers for the purchased resource in several months of 2023 after the National Energy and Utilities Regulatory Commission (NEURC) approved the amount of compensation from NPC Ukrenergo by Resolution No. 858 of April 30.

“On May 6, the company made payments totaling UAH 4.3 billion and achieved the following payment levels: for January 2023 – 100%, for February – 94.9%, for July – 99.4%, for August – 100%, for September – 96.8%,” GarPok’s website reports.

They explained that the payment was made at the expense of funds received from Ukrenergo, as well as payments from renewable energy producers for services to settle the share of imbalances and the cost of deviations of the balancing group of Guaranteed Buyer.

According to the website, in April, Guaranteed Buyer transferred UAH 2.8 billion to renewable energy producers at the feed-in tariff, both for April last year and for April this year.

As reported, in early April, in a commentary to Energoreforma, Ukrenergo CEO Volodymyr Kudrytskyi predicted that industrial RES plants would start repaying their debts in the near future.

“As for the payment for electricity produced through Guaranteed Buyer, the debts a month ago were UAH 32 billion, now they are at the level of UAH 22-23 billion and will decrease significantly after we sign the acts with Guaranteed Buyer for 2022-2023. I hope that we are very close to signing the agreements, as there is still a technical problem. Then, I think, we will be able to pay several billion hryvnias,” Kudrytsky said.