Ukraine’s grid operator has told companies they have only two options to keep their electricity supply running this winter.
“It is possible to maintain the usual rhythm of work even in conditions of possible energy shortages thanks to the company’s own generation or import of electricity, at a level of at least 80% of the consumption volume. Under such conditions, the consumer will be protected from the possible use of hourly power outages.” – reports Ukrenergo.
In June, the Ukrainian government introduced guarantees for local companies that they would not be cut off if they imported at least 80% of electricity each hour of operation.
“At the same time, to import electricity it is not necessary to be a merchant or specialist in foreign economic activity. This can be done, for example, by entering into an agreement with a supplier who is a market participant and has the appropriate license. Additionally, businesses and industry can independently import electricity for their own needs.” – said Ukrenergo.
The option to import 80% of the electricity consumed caused an increase in electricity purchases in Slovakia, Hungary, Poland, Romania and Moldova. However, in August it fell sharply due to the increase in prices caused by purchases by Ukrainian companies in a context of high demand.
D.Trading explained that the increase in prices in Eastern European countries made the import of electricity useless.
“These prices significantly exceed the current maximum prices on the Ukrainian electricity market and do not allow the import of electricity on market conditions,” — reported in D.Trading.
There are also restrictions on the import of electricity from the EU: 2.1 GW per hour.
