National Energy Company Ukrenergo and state-owned enterprise (SOE) Energomarket in December 2018 will launch software required for the operation of the retail segment of the new power market, Deputy Prime Minister of Ukraine Volodymyr Kistion has said. He said that the terms are outlined in the plan of the implementation of the law on the electricity market verified by the heads of the Energy and Coal Industry Ministry, the National Commission for the State Regulation of Energy, Housing and Utilities Services (NCER) and the parliamentary committee for fuel and energy complex.
“The first stage of the reform related to the retail market segment will start already in December 2018. Two months later, Ukrenergo and Energomarket will launch the required software, and NCER will approve the last part of the acts needed to effectively launch a new market,” Kistion wrote on his Facebook page.
The deputy prime minister added that the Energy and Coal Industry Ministry, in turn, is obliged to forward the bills on the rules of ensuring the supply of electricity to protected consumers and the rules of holding a tender for the construction of generating capacities, the introduction of energy efficient measures to the government in the shortest possible time.
State-owned enterprise (SOE) Energomarket (Kyiv) in January-June 2018 saw a 3.1-fold rise in net profit year-over-year, to UAH 1.805 billion. The company reported in the information disclosure system of the National Commission for Securities and the Stock Market, its net revenue in H1 2018 grew by 18.9%, to UAH 85.423 billion, and gross profit doubled, to UAH 1.711 billion.
As reported, in 2017, the enterprise cut net profit by 33.3%, to UAH 856.261 million, boosting net revenue by 11.6%, to UAH 146.209 billion.
SOE Energomarket fulfils functions of the operator of the wholesale electricity market of Ukraine.
