Business news from Ukraine

PRESIDENT OF UKRAINE SENDS BILL ON CUTTING ELECTRICITY TARIFFS TO PARLIAMENT

President of Ukraine Volodymyr Zelensky has sent to the Verkhovna Rada of Ukraine a bill amending some laws of Ukraine on cutting electricity tariffs.
The document was registered in the parliament on June 26. The text of the bill has not been made public.
As reported, representative of the head of state in the Ukrainian government Andriy Gerus said that Ukrainian President Volodymyr Zelensky initiated the legislative change of the Rotterdam+ formula by the Rotterdam- formula in order to reduce electricity tariffs. He said that according to the document, the cost of shipping coal from Rotterdam to Ukraine should be removed from the formula. In addition, it is proposed that discounts be introduced if the quality of coal is worse. The bill also provides for a delay in the introduction of the electricity market for one year.

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MAIN MARKETS FOR UKRAINIAN ELECTRICITY EXPORTS ARE HUNGARY, SLOVAKIA AND ROMANIA

Ukraine in January-May 2019 increased electricity exports by 2.3% (by 60 million kWh) compared to the same period in 2018, to 2.713 billion kWh, the Ministry of Energy and Coal Industry has told Interfax-Ukraine. Electricity supplies from the Burshtyn TPP Energy Island in the direction of Hungary, Slovakia and Romania increased by 9.6% (by 161.2 million kWh), to 1.847 billion kWh.
Electricity supplies to Poland decreased by 15.2% (by 99.9 million kWh), to 556.6 million kWh.
Electricity supplies to Moldova amounted to 309.5 million kWh, which is 0.4% (1.2 million kWh) less than in January-May 2018.
For the five months of 2018 and 2019, Ukrainian electricity was not exported to Belarus and Russia.
In addition, in the first five months of this year, Ukraine imported 11.8 million kWh of electricity from the Russian Federation and Belarus compared to 14.8 million kWh in January-May 2018.

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UKRAINE CUTS ELECTRICITY EXPORTS BY 2.7%

Ukraine in January-April 2019 decreased electricity exports by 2.7% (by 59.3 million kWh) compared to the same period in 2018, to 2.13 billion kWh, the Ministry of Energy and Coal Industry has told Interfax-Ukraine.
Electricity supplies from the Burshtyn TPP Energy Island in the direction of Hungary, Slovakia and Romania increased by 0.01% (by 0.1 million kWh), to 1.421 billion kWh.
Electricity supplies to Poland decreased by 18.6% (by 100.8 million kWh), to 440.3 million kWh.
Electricity supplies to Moldova amounted to 268.4 million kWh, which is 18.2% (41.4 million kWh) more than in January-April 2018.
For the first four months of 2018 and 2019, Ukrainian electricity was not exported to Belarus and Russia.
In addition, in January-April 2019, Ukraine imported 8.7 million kWh of electricity from the Russian Federation and Belarus compared to 11.4 million kWh in January-March 2018.

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UKRAINE INCREASES ELECTRICITY EXPORT BY 4% IN 2019

Ukraine in January-March 2019 increased electricity exports by 4.1% (by 66.2 million kWh) compared to the same period in 2018, to 1.662 billion kWh, the Ministry of Energy and Coal Industry has told Interfax-Ukraine. Electricity supplies from the Burshtyn TPP Energy Island in the direction of Hungary, Slovakia and Romania increased by 0.4% (by 2.7 million kWh), to 1.027 billion kWh.
Electricity supplies to Poland decreased by 3.1% (by 12.9 million kWh), to 410.4 million kWh.
Electricity supplies to Moldova amounted to 224.6 million kWh, which is 53.6% (78.4 million kWh) more than in January-March 2018.
For the three months of 2018 and 2019, Ukrainian electricity was not exported to Belarus and Russia.
In addition, in the first quarter of this year, Ukraine imported 5.9 million kWh of electricity from the Russian Federation and Belarus compared to 8.9 million kWh in January-March 2018.

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UKRAINE INCREASES ELECTRICITY EXPORTS BY 4.1%

Ukraine in January-March 2019 increased electricity exports by 4.1% (by 66.2 million kWh) compared to the same period in 2018, to 1.662 billion kWh, the Ministry of Energy and Coal Industry has told Interfax-Ukraine.
Electricity supplies from the Burshtyn TPP Energy Island in the direction of Hungary, Slovakia and Romania increased by 0.4% (by 2.7 million kWh), to 1.027 billion kWh.
Electricity supplies to Poland decreased by 3.1% (by 12.9 million kWh), to 410.4 million kWh.
Electricity supplies to Moldova amounted to 224.6 million kWh, which is 53.6% (78.4 million kWh) more than in January-March 2018.
For the three months of 2018 and 2019, Ukrainian electricity was not exported to Belarus and Russia.
In addition, in the first quarter of this year, Ukraine imported 5.9 million

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UKRAINE INCREASES REVENUE FROM ELECTRICITY EXPORT, KEY CLIENTS – HUNGARY, POLAND, MOLDOVA

Ukraine in January-March 2019 increased revenue from exports of electricity by 22.2% or $17.895 million compared with January-March 2018, to $98.366 million, including $33.798 million in March alone.
Hungary bought electricity worth $58.014 million, Poland $22.13 million, Moldova $13.635 million, other countries $4.587 million, Ukraine’s State Fiscal Service has said.
Over the period under review, Ukraine imported electricity worth $0.263 million, in particular, electricity imports from the Russian Federation were estimated at $0.249 million, from Belarus at $0.012 million, from Moldova at $0.002 million.
As reported, Ukraine in 2018 exported electricity worth $331.942 million. Hungary bought electricity worth $189.958 million, Poland $78.763 million, Moldova $53.144 million, and other countries $10.078 million. Exports of Ukrainian electricity in monetary terms in 2018 increased by 40.9% compared to 2017.
Ukraine increased electricity exports by 19.3% or 999.4 million kWh in 2018, to 6.166 billion kWh.
According to the forecast, Ukraine in 2019 plans to export 6.42 billion kWh of electricity, and this is slightly more than in 2018 (6.2 billion kWh).

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