Ukraine will start electricity trade with the EU in June: Sources

WARSAW: Ukraine It is expected to start selling electricity to Slovakia and Hungary this month, a move that could boost revenues in the country’s electricity producers, sources told Reuters.
The expansion of electricity trade with Europe, which is currently limited to limited quantities sold to Poland and Moldova, could increase cash flow to Ukrainian utilities affected by the decline in domestic electricity after the Russian invasion, while providing more energy for 27 countries European Union while struggling with reduced gas supplies from Russia.
The EU and Ukraine connected their power grids on March 16th in response to the Russian invasion, which allowed Ukraine to receive emergency power from Europe if military attacks caused outages.
The emergency connection – which took place in weeks, originally planned for 2023 – did not include trade in electricity. ENTSO-E Continental European Electricity Network Operators in June. 7 confirmed that trade in electricity with Europe could start if certain technical conditions are met.
Negotiations on these technical issues are advancing rapidly and trade is expected to begin this month, sources familiar with the network operators’ discussions said. ENTSO-E declined to comment.
“In principle, Ukraine’s electricity exports to the rest of Europe have been cleared. These will be limited in the beginning, the volumes will be decided in the coming days and tenders for capacity for relations with Slovakia and Hungary will be announced very soon. , ” Vladimir Kudritskyhead of the Ukrainian electricity transmission operator Ukrenergohe said on Wednesday.
“The volume of exports will gradually increase to levels that will allow Ukraine to earn billions of euros a year. We are talking about amounts that are comparable to the revenues from gas transit through Ukraine,” Kudrytsky said.
Another precondition for starting trade, the “solidarity algorithm”, which ensures that electricity sales revenues support the stability of Ukraine’s tense energy industry, is almost ready and must be approved by the government in Kyiv, a source said.
Ukraine’s energy sector is facing a shortage of money as electricity consumption has fallen and some consumers have not paid their bills during the war.
Filling the gap, estimated at about 250m euros a month, will ensure that Ukraine’s system can continue to function, said Artur Lorkowski, director of the Energy Community Secretariat, a body set up by the EU and wanting member states to expand energy. bloc policy to – be members.
An additional route for Ukrainian electricity to EU markets is also emerging. The connection connecting Rzeszow in Poland with the Khmelnitsky nuclear power plant in Ukraine should be opened by the end of 2022. It will allow the shipment of about 1,000 megawatts per day.

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