NEURC redistributed UAH 2.3 billion to Ukrenergo's to pay off ancillary services for grid balancing

The National Energy and Utilities Regulation Commission (NEURC) has redistributed UAH 2.3 billion from Ukrenergo's expenditures for the purchase of ancillary services in 2021 for payments to balancing market participants.

The corresponding resolution was adopted at the NEURC’s weekly meeting on July 13, 2021.

The NEC Ukrenergo proposed to amend the NEURC’s Resolution № 2354 dated December 9, 2020, according to which to redistribute the costs of the tariff structure in the amount of UAH 2.3 billion by reducing the item "costs for the purchase of ancillary services" and increasing the item settlement of system restrictions (including the balanced amount of the fee for electricity imbalance) ", which will allow not to change the tariff and allow the Company to mobilize resources for the successful passage of the Integrated Power System of Ukraine in the autumn-winter period 2021/2022", said in the justification to the Draft Resolution.

“This issue was raised at the initiative of the NNEGC Energoatom, and in particular from by Jakob Hartmut… We are finally starting to pay Uplift, without increasing the tariff. I consider this decision balanced from all points of view," said Valerii Tarasiuk, Chairman of NEURC.

According to the NEURC, the NEC Ukrenergo reported a residual cost of collection and an imbalance of electricity (Uplift 1) of UAH 4.5 billion. And according to the results of the ancillary services market in 2021, the NEC Ukrenergo forecasts savings of UAH 2.3 billion under the item "costs for the purchase of ancillary services" in the amount of UAH 2.3 billion.

11:58 / 21 July 2021

Upcoming events
09:00 / 23 September, 2021
09:00 / 20 May, 2021
08:00 / 26 September, 2019
ODESA OFFSHORE CONFERENCE-2019 Ukraine has every chance to resume the work of the most promising oil and gas region, the Southern oil&gas fields. The untapped deposits of oil and gas are located both onshore and subsea. Four companies have already poised to conclude Production Sharing Agreements with Ukraine, whilst bidding for the Dolphin oil&gas fields on Black Sea shelf. The Odesa Offshore Conference (OOC2019) will serve as a venue for Ukrainian and international bidders to meet with local and international drilling, oilfield service and equipment manufacturers to kick-off emerging subsea and onshore projects in Ukraine.
All events