Over the past six months – from September 2024 to March 2025 – the debt of the state-owned enterprise Guaranteed Buyer (Guaranteed Buyer) to renewable energy producers operating at the feed-in tariff has decreased by 37.7% to UAH 22.3 billion from UAH 35.8 billion.
This was announced by Artem Nekrasov, Head of Guaranteed Buyer, at a meeting of the Energy Development League press club on March 27.
According to him, the state-owned enterprise’s settlements with renewable energy generation have increased to 93% since the beginning of 2025, compared to 86% last year. In turn, NPC Ukrenergo’s payments to Guaranteed Buyer for renewable energy services in 2025 increased to 85.2% from 72.9% in 2024.
“There are positive developments. For the first time in my memory, a weighted tariff for electricity transmission services (for Ukrenergo – IF-U) was approved for this year. In addition, we started signing contracts with Ukrenergo not in 1.5-2 years, as it used to be before, but, for example, the January contract has already been signed and payments have already been made,” the CEO said.
According to Nekrasov, the development of the renewable energy market largely depends on the repayment of debts that have historically been accumulated after 2020.
He recalled that in 2020, the government and investors in renewable energy signed a memorandum in which the state confirmed payment guarantees. In particular, the government decided to add an additional part of the funds to the system operator’s tariff, which the state will compensate from the state budget. However, every year, when adopting the state budget, MPs exclude this provision from consideration, which has resulted in the NPC’s tariff remaining underfunded for several years, and Guaranteed Buyer’s debts to market participants are equal to Ukrenergo’s debts to Guaranteed Buyer.
Nekrasov said that Guaranteed Buyer will continue its activities to resolve the debt problem, for which a special roadmap will be developed in a dialogue with market participants.
“Regarding the debts of previous periods, it should be understood that no one in a country at war will immediately raise UAH 15-20 billion to repay them. However, a memorandum or a roadmap for debt repayment will be developed at the level of renewable energy companies, Guaranteed Buyer, Ukrenergo, the Ministry of Energy and the National Energy and Utilities Regulatory Commission, which establishes the sources of payments,” the Chairman summarized. According to him, such a map will include reasonable repayment periods and clear sources of funding.
In turn, the positive dynamics in Guaranteed Buyer’s settlements with market participants was also confirmed at the meeting by the heads of specialized associations and owners of renewable energy installations.
“The development of solar energy is facilitated by the gradual reduction of debt to renewable energy sources, as well as the fact that solar equipment can be installed quite quickly and in many cases does not require special permits,” said Vladyslav Sokolovskyi, Chairman of the Board of the Solar Energy Association of Ukraine.
For his part, Andriy Konechenkov, Chairman of the Board of the Ukrainian Wind Energy Association, said that wind energy will receive a new wave of development in 2025, which will yield qualitative results in 2026-2027.
“Currently, six wind farms are under construction in different regions of Ukraine,” he added.
The event was supported by the information and analytical center Experts Club.
EXPERTS CLUB, Guaranteed Buyer, RENEWABLES, UKRENERGO, ГОЛІЗДРА, Некрасов
The Supervisory Board of NPC Ukrenergo has announced a competition for the position of the company’s Chairman of the Board, the company said.
“Korn Ferry, one of the best global consulting companies in the search for top managers and leadership development, will accompany the competition,” the company said in a statement on Telegram on Wednesday.
According to the terms of the competition, applications are accepted until March 14, 2025.
To participate, applicants must provide a package of documents in Ukrainian and English, which must include a resume, two written letters of recommendation, a motivation letter, and consent to the processing of personal data.
According to the terms of the competition, in order to meet the shareholder’s expectations, the chairman of the board must have the following priorities and strategic goals for the period of war: to ensure the protection of critical elements of the power system and the rapid restoration of damaged power facilities; support the development of distributed generation; create a reserve of critical equipment and ensure its safe storage; restore financial stability and the trust of international financial partners, as well as increase the network capacity by
In addition, he should create the preconditions for the post-war development of the company by achieving a number of goals, including: developing a long-term corporate strategy for Ukrenergo, taking into account the expectations of shareholders; managing the restoration and modernization of the energy infrastructure, including in-depth digitalization of the grid and support for market-based decarbonization of the power system. The Chairman of the Board, in particular, should ensure: energy sustainability and strengthen the security of the grid, in particular through modern technical solutions, development of IT systems and organizational capacity of the NPC; organize effective work with stakeholders to improve the regulatory framework and energy diplomacy with ENTSO-E partner countries.
The Chairman of the Board should also ensure financial stability by optimizing costs and increasing business efficiency, enhancing access to capital markets and expanding cooperation with international financial organizations.
Former Danish Foreign Minister Eppe Kofod has been elected chairman of the Supervisory Board of NPC Ukrenergo, the company reports.
“An independent representative Eppe Kofod became the Chairman of the Supervisory Board, and the state representative Anatoliy Hulei became his deputy,” Ukrenergo said in its Telegram channel.
It is noted that at its first meeting after the appointment on December 12, the SB also created committees on audit, appointment and determination of remuneration, investment and strategy and decided on their heads.
Ukrenergo’s Supervisory Board consists of seven members: four independent members elected through a competitive selection process and three state representatives. The independent members of the SB were approved by the Cabinet of Ministers’ Resolution No. 1168-r of November 26, 2024: Patrick Greichen, who served as State Secretary of the German Ministry of Economic Affairs and Climate Protection in 2021-2023, Luigi de Francischi, former CEO of TERNA and Enel (already a member of the NPC’s SB), Eppe Kofod, former Minister of Foreign Affairs of Denmark, and Jan Montell, who has experience as a top manager and board member of a number of Finnish energy companies.
The representatives of the state were approved by the Government Decree No. 1232-r of December 10, 2024. The appointees are: Yuriy Boyko, who headed the Ministry of Energy of Ukraine in 2020-2021, is currently an advisor to the Prime Minister and a member of the previous Supervisory Board of NPC; Oleksiy Nikitin, who previously worked, among other things, at SE NPC Ukrenergo as Head of the Electricity Market Development Department, and then at Ukrhydroenergo as Director of the Commercial Department; Anatoliy Guley – built his career in the banking sector, was Chairman of the Board of Oschadbank and Activ Bank, as well as Deputy Chairman of the Board of Alfa Bank, and is a shareholder of Accordbank.
The Supervisory Board of NPC Ukrenergo has suspended the powers of Andrii Nemyrovskyi, a member of the company’s Management Board, by agreement of the parties. According to the company’s website, the decision was made on November 18, 2024. He has been working in this position since the summer of this year, and was also a member of the board of NPC in 2021.
Nemyrovskyi joined Ukrenergo in 2017. He worked at the NPC as Director of Market Development and Customer Service, Director of Market Development and IT, and was responsible for the creation of IT infrastructure, development and operation of the new market model, operational and technical management of the IPS of Ukraine and integration into ENTSO-E.
As reported, at the same meeting on November 18, 2024, NPC Ukrenergo appointed Vitalii Zaichenko, Chief Dispatcher of NPC and Director for Management of the Integrated Power System of Ukraine, to the Board.
The Management Board of Ukrenergo also includes Oleksii Brekht (Acting Chairman), Serhii Halahan (IT) and Oleh Skrypnyk (Finance).
Starting November 9, NPC Ukrenergo will temporarily suspend payments on its debt obligations under green sustainability bonds, the company said.
“This technical solution will be in effect until the planned debt restructuring is completed in the coming months. “Ukrenergo, together with the government of Ukraine, is taking all necessary measures to reach an agreement with bondholders in the near future,” the company said on Facebook on Wednesday.
Earlier, the Experts Club information and analytical center released a video about the defaults of countries and businesses – https://youtu.be/gq7twYrWuqE?si=4cgn_L9RC0Nm0xl5
NPC Ukrenergo currently sees no reason to introduce schedules for limiting electricity consumption for households, the company said on Telegram.
“The drop in air temperature at the beginning of next week will indeed predictably lead to an increase in energy consumption. But whether this will require the use of blackouts (in particular, for household consumers) can only be predicted by NPC Ukrenergo, which has not yet provided any forecasts on the application of restrictive measures,” the company said in a statement on Friday.
It is emphasized that Ukrenergo, together with the Ministry of Energy, regional military administrations and energy companies, is doing everything possible to ensure that there is no need to apply blackouts now.
As reported, Volodymyr Velychko, an independent member of Centrenergo’s supervisory board, said in a comment to Interfax-Ukraine that hourly power outage schedules could start as early as next week with a significant drop in temperature.
In response, Centrenergo called the assumption of possible power outages the personal opinion of a member of its supervisory board.
Schedules of power supply restrictions for households are introduced after other measures to balance the power system, such as internal reserves, imports, emergency assistance, and schedules of restrictions for industry, have been exhausted.
