PrJSC Donbasenergo, an electricity generating company, in January-March saw UAH 58.03 million in net profit, up 26.4-fold YoY. According to a company report in the information disclosure system of the National Securities and Stock Market Commission, its net revenue over the period grew by 1.3%, to UAH 1.587 billion, while gross profit fell by 17.35,…
The Ukrainian Ministry of Energy and Environmental Protection is planning to accelerate the integration of Ukraine with the European power grid ENTSO-E, Acting Energy Minister Olha Buslavets said during an online discussion of the implementation of Annex XXVII to the Association Agreement. “A very important area is technical synchronization with the European ENTSO-E system. There…
When compared to 2019, total electricity consumption in March declined 5%. This shows the state of emergency in Latvia negatively affects electricity consumption, AS Sadales tikls board chairman Sandis Jansons has declared. He says during the state of emergency Sadales tikls’ duty before the state and society is ensuring uninterrupted supply of electricity without delays…
Azerbaijan was the main electricity provider to the neighboring Georgia in the period of January-March. Thus, Azerbaijan supplied 402.8 million kWh to Georgia of the total 744.2 million kWh imported in the first quarter, Electricity System Commercial Operator (ESCO) of Georgia reported. Azerbaijan’s electricity exports decreased by 12.2% YoY. Russia was the second electricity supplier…
Ukraine’s National Energy and Utilities Regulatory Commission (NEURC) has approved rules for restriction management and regulations for the distribution of interstate intersection capacity. The rules that govern the distribution of interstate section capacity for exports and imports of electricity provide for the operation of an auction office, whose functions will be performed by the state-owned…
The ongoing effects of the coronavirus crisis have led to lower consumption of electricity and in turn, a glut in CO2 quota allowances. This has resulted in a fall in electricity prices, though the latter is largely caused by an increase in hydro-generated power, say energy sector spokespersons. The CO2 quota prices at the same…
Electricity grid distributor Elering has reported 2019 net profits of EUR 32.8 million, up from EUR 18.6 million in 2018, in part aided by lower financial expenses. The company’s main focus last year was the Balticconnector gas pipeline between Estonia and Finland. The company’s profits from ordinary activities, according to the audited report for 2019…