2 Sep 2022 19:38

Ukraine's state energy trader pays almost 815 mln hryvni to state-run companies in past 2 weeks

MOSCOW. Sept 2 (Interfax) - Ukraine's state-owned energy trader Energy Company of Ukraine, which began selling to the external markets of Slovakia and Romania at full strength on August 19, has paid almost 815 million hryvni to state-run companies, increasing the government's share in power exports almost fourfold to 50% over the past two weeks, Ukrainian media reported on Friday.

"Transfers to state-run companies Ukrenergo, State Enterprise Guaranteed Buyer and National Nuclear Energy Generating Company of Ukraine (Energoatom) have reached almost 815 million hryvni in the two weeks of the company's operation," Energy Company of Ukraine said in a press release.

According to the press release, payments for international power transmission, electric power transmission and dispatching to Ukrenergo totaled 640 million hryvni.

As reported earlier, fully state-owned Energy Company of Ukraine on August 17 for the first time acquired the right of access to international power transmission grid capacity for August 19 at the daily auction of Ukrenergo in the sectors of Romania and Slovakia, under a steady schedule with combined capacity of 62 MW. Further, out of possible 3,000 MWh per day, the company buys 1,488 MWh per day of international power grid capacity for exports to Romania (62 MW per every hour of a 24-hour period), and 1,512 MWh per day for exports to Slovakia (63 MW per every hour of a 24-hour period).

Following the auctions, exporters paid 502.1 million hryvni for the international transmission grid capacity to Romania during ten days of August, which in terms of 24 hours was 39% higher than in the third week of August, and 519.5 million hryvni for the same with regard to electricity exports to Slovakia (63% higher than the average daily cost of grid capacity in the third week of August).

In total, revenues generated by Ukrenergo sales of international grid capacity for electricity exports to Romania and Slovakia climbed to 2.94 billion hryvni from June 30 to August 31, adding more than one billion hryvni over the last decade of August.