25 Nov 2022 14:31

Ukraine could import 500 MW of electricity from EU, but mechanism needed to compensate for price difference - Ukrenergo

MOSCOW. Nov 25 (Interfax) - Ukrainian power system operator Ukrenergo is arranging the possibility of supplies of 500 megawatts of electricity from Europe to Ukraine, but special mechanisms are needed for such imports and are currently being developed, the Ukrainian media reported, citing Ukrenergo head Vladimir Kudritsky.

"The European Union's power grid is capable of helping us in a difficult moment, and it's doing it. As concerns commercial imports, it's technically possible. Ukrenergo is arranging the possibility of such imports in the volume of 500 MW and even 600 MW. Special mechanisms are needed to ensure this import, because the price of electricity in Europe is higher than in Ukraine," Kudritsky said on television, a video of which has been posted on YouTube.

It is unlikely that anyone would want to purchase electricity in Europe on a general commercial basis in Ukraine, he said.

Ukrenergo said on Telegram that the shortage of electricity in Ukraine's power system had decreased to 50% by the evening of November 24, and all nuclear power plants are gaining power, but it is not currently possible to project when full restoration will be reached.

The shortage is due to nuclear power plants, which supply half of the country's electricity, slowly returning to operation as a technological necessity following forced shutdowns, Ukrenergo said.

The power grid is prepared for power plants to be switched on, it said.