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…
Ukraine’s imports of natural gas rose to 2.7 billion cubic meters in the first quarter of 2020, up by 76% YoY, according the LLC Operator of the Gas Transmission System of Ukraine (OGTSU). In particular, Ukraine’s imports from Slovakia amounted to 1.9 billion cubic meters (+99%), Hungary – 0.5 billion cubic meters (+58%) and Poland…
From Q4 2019 onward the price of electricity has reduced, according to the latest market data from the Public Utilities Commission (SPRK). Prices benefit from warm weather and recovery of water reserves, which allows increasing the power production output at hydroelectric power stations. Last year’s lowest average monthly electricity price in Nord Pool exchange was…
NJSC Naftogaz Ukrainy has cut the gas price for the population by 14%. “The gas price for March for the population has been reduced by 14%,” the company wrote on Twitter. However, Naftogaz has noted that the company does not supply gas directly to the population, except for Kirovohrad region. “According to government rules, we…
Ukraine has cut electricity consumption by over 5% since the introduction of quarantine over COVID-19. “Since the introduction of quarantine measures, electricity consumption in the energy system of Ukraine has decreased by more than 5% at almost the same air temperature,” the press service of state-run Ukrenergo, which operates the country’s integrated power grids, has…