Ukrenergo to propose an increase in electricity transmission rates: the reasons behind it
29 April 16:15
NPC “Ukrenergo” will appeal to the National Commission for State Regulation of Energy and Public Utilities (NKREKP) to request an increase in the electricity transmission tariff in the event that funds for payments to renewable energy generation facilities (RES) are exhausted. This was announced by Vitaliy Zaychenko, Chairman of the Board of NPC “Ukrenergo,” in a brief interview with “ EnergoReforma ,” an energy project of the Interfax-Ukraine agency, as reported by "Komersant Ukrainian".
“We clearly understand that there will be a funding shortfall. Funds have not yet been exhausted, but they are already running low (…) As soon as they run out, all market participants will be aware of this, and we will submit a request to the regulator to review the current transmission tariff,” he said.
According to the head of Ukrenergo, this applies not only to industrial renewable energy generation but also to residential solar power plants, since all payments come from a single source—the electricity transmission tariff.
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NEURC Raises Price Cap Starting May 1
The National Commission for Energy and Utilities Regulation (NEURC) is raising price caps in the electricity market starting May 1. This applies to the “day-ahead,” intraday, and balancing market segments.
According to the NEURC’s decision, on the “day-ahead” and intraday markets, the maximum price starting May 1 will be 15,000 UAH/MWh, and the minimum will be 10 UAH/MWh.
For the balancing market, the maximum price was raised to 17,000 UAH/MWh, while the minimum remained at 0.01 UAH/MWh.
NEURC Chairman Yuriy Vlasenko assured that the decision was made taking into account the positions of all stakeholders, including NEC “Ukrenergo” and JSC “Market Operator.”
“Under martial law and the constant threat of attacks on energy infrastructure, it is important to ensure the stable operation of the market. The priority is to balance the power system and minimize consumer blackouts, including through electricity imports,” he explained, outlining the regulator’s rationale.
Previously, the low price caps effectively made profitable imports impossible and limited their volumes.
Overall, the market viewed the regulator’s decision as an attempt to close the peak deficit and a signal that the state is ready to let electricity prices float.
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