9 Jun 2022 10:34

Ukraine may earn up to 1.5 bln euros from electricity exports in 2022 - Energy Ministry

MOSCOW. June 9 (Interfax) - Ukraine hopes to make 1.5 billion euros from electricity exports by the end of the year, the Ukrainian energy minister's advisor Lana Zerkal said.

Electricity demand inside Ukraine has considerably declined recently, and the country has excess electricity, which allows it to increase such exports to Europe, the Ukrainian media quoted Zerkal as telling the Suspilne TV channel on Wednesday.

As reported, the Ukrainian power grid has been working in sync with the European Union's ENTSO-E energy system since March 16, 2022. In early June, Continental Europe transmission system operators have given a positive response to the Ukrenergo national energy company's request to resume electricity exports from Ukraine.

Ukraine increased its revenue from electricity exports by 2.6-fold, or by $87.11 million, to $141.050 million in January-April 2022 as compared to the same period of 2021. Over the first four months of the year, Ukraine's electricity exports to Slovakia stood at $48.968 million, to Hungary at $40.408 million, to Romania at $29.274 million, and to other countries at $22.4 million.

Ukraine's electricity export revenue dropped 8.5%, or by $23.89, to $256.941 million in 2021 year-on-year. Ukraine imported electricity worth $87.345 million in 2021 against $131.605 million in 2020.

Ukraine's electricity exports decreased 26.5%, or by 1.258 billion kWh, to 3.495 billion kWh in 2021 year-on-year, while its electricity imports fell 25.9%, or by 591.3 million kWh, to 1.693 billion kWh in 2021 year-on-year.