Business news from Ukraine

Business news from Ukraine

UKRAINE INCREASES REVENUES FROM ELECTRICITY EXPORTS BY 14.4% TO $271 MLN IN NINE MONTHS

Ukraine in January-September 2019 increased revenue from electricity exports by 14.4% (by $34.105 million) compared to the same period in 2018, to $271.49 million, in particular, in September this figure was $31.263 million.
According to the State Fiscal Service, electricity for $167.111 million was supplied to Hungary in the nine months, power worth $61.237 million to Poland, while Moldova received electricity for $32.814 million, other countries for $10.328 million.
In addition, Ukraine imported electricity for $31.174 million in January-September 2019, including for $14.791 million from Slovakia, $13.063 million from Belarus, $2.434 million from Hungary, and $885,000 from other countries.
As reported, in 2018 Ukraine exported electricity worth $331.942 million, in particular to Hungary for $189.958 million, Poland for $78.763 million, Moldova for $53.144 million, other countries for $10.078 million. In monetary terms, Ukrainian electricity exports in 2018 increased by 40.9% compared to 2017.
In natural terms, Ukraine in 2018 increased exports of electricity by 19.3% (by 999.4 million kWh) compared to 2017, to 6.166 billion kWh.
According to the updated forecast balance, in 2019 Ukraine plans to export 5.832 billion kWh of electricity, which is 5.4% less than in 2018 (6.166 billion kWh). Imports are expected to amount to 1.488 billion kWh.

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PARLIAMENT PERMITS ELECTRICITY IMPORTS FROM UKRAINE TO BELARUS

Verkhovna Rada of Ukraine has introduced amendments into Ukrainian law “On electricity power market” permitting to buy electric power under bilateral agreements of the countries, which are not the members of the Europe’s Energy Society.
A total of 265 parliamentarians voted for the bill No.1084 “On amendments into some legislative acts of Ukraine on nuclear power use” at a plenary sitting.
MP Andriy Gerus introduced an amendment to the law on electric power market in Part 8, of Article 67 that permits to sell electric power imported from the states non-members of the Energy Society on the day-ahead markets and on the balancing market.

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CAPACITY OF ELECTRICITY FROM RENEWABLE SOURCES IN UKRAINE COULD REACH 5.4 GW IN 2019

The capacity of facilities generating electricity from renewable sources of energy in Ukraine by the end of 2019 could reach 5.473 GW, which is 2.6 times (by 3.356 GW) more than at the end of 2018.
This is evidenced by the presentation posted on the website of the National Commission for Energy, Housing and Utilities Services Regulation (NCER).
Over the year, the total capacity of wind farms will be 1.136 GW (2.1 times more than the amount established at the end of 2018), solar stations some 4.087 GW (three times more), biomass some 140 MW (42.8% more), and small hydroelectric plants some 110 MW (up by 11.1%).
The estimated cost of energy produced from renewable energy sources in the period will double to UAH 28.016 billion.
According to the commission, as of September 10, the total installed capacity of renewable energy facilities was 3.387 GW. Since the beginning of this year, Ukraine has installed 1.27 GW of “green” capacities, which is 1.7 times more than for the whole of 2018.

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UKRAINE CUTS ELECTRICITY EXPORTS BY 2.3% IN 7 MONTHS

Ukraine in January-July 2019 decreased electricity exports by 2.3% (by 83.6 million kWh) compared to the same period in 2018, to 3.543 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 3.8% (by 86.9 million kWh), to 2.382 billion kWh.
Electricity supplies to Poland decreased by 9.2% (by 76.3 million kWh), to 755.6 million kWh.
Electricity supplies to Moldova amounted to 404.8 million kWh, which is 18.9% (94.1 million kWh) less than in January-July 2018.
For the seventh months of 2018 and 2019, Ukrainian electricity was not exported to Belarus and Russia.
In addition, for the aforementioned period Ukraine imported 15.9 million kWh of electricity from the Russian Federation and 0.7 million kWh from Belarus.

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ELECTRICITY PRICE FOR UKRAINIAN NON-DOMESTIC CUSTOMERS CAN BE 20% LOWER

It is possible to lower electricity prices for non-domestic consumers by 20%, presidential representative in the government Andriy Gerus said.
“It is necessary to consider three solutions that all together are to significantly reduce the price of electricity for non-domestic consumers,” he said at a briefing following the results of the conference with President of Ukraine Volodymyr Zelensky over functioning of a new model of electricity market and preparation for autumn-winter period in Kyiv on Monday.
According to him, it is necessary to review government’s resolution on charging National Nuclear Energy Generating Company Energoatom and PrJSC Ukrhydroenergo with the special duties, most of which to be commissioned to the latter.
“It will allow decreasing tariff of Ukrhydroenergo over three times. Now it is 32 kopecks/kWh, when it is expected to be 8-9 kopecks/kWh,” Gerus said.
Besides, he said that it was worth to raise a maximum night price by about 10%, and to lower a maximum day price by 15-20%.
“If all three measures are taken, [electricity price] for ending consumers, large, middle, small, budget establishments and organizations, will be almost 20% less,” the presidential representative said.

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UKRAINE INCREASES ELECTRICITY GENERATION FROM RENEWABLE ENERGY SOURCES BY 2.8 TIMES

Ukraine in June 2019 increased electricity generation from renewable energy sources by 2.8 times (by 378.3 million kWh) compared to June 2018, to 585 million kWh.
According to data from the Ministry of Energy and Coal Industry, available to Interfax-Ukraine, production of electricity from renewable energy sources in January-June 2019 increased by 1.9 times compared to the same period last year, to 2.372 billion kWh.
The share of renewable energy in the structure of electricity production in June 2019 reached 5% against 1.8% in June 2018, while the share of renewable energy in the first half of this year was 3% against 1.5% in January-June 2018.
As reported, as of the end of the first half of the year, the installed capacity of renewable energy facilities reached 3,634 MW, in particular that of solar plants some 2,640 MW, wind plants 776.6 MW, biomass plants 51.3 MW, and biogas stations some 66.4 MW.

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