Ukraine has imposed a ban on import of electricity from Russia through bilateral agreements. The relevant amendments to the law on electricity market, approved by President Vladimir Zelensky, according to the website of the President.
“The purpose of the document is to ensure proper control over the prices of electric energy in the conditions of insufficient competition in this market; settlement of issues of heat and power plants when a new model of the electricity market, which is a necessary condition to ensure heat supply during the heating period”, – the document says.
In particular, the law provides that in the event of significant price fluctuations on the electricity market, the national Commission, carrying out state regulation in spheres of power and utilities (NKREKU), has the right to set maximum prices in this market “day ahead” with the appropriate justification. Such prices are determined after consultations with the Antimonopoly Committee of Ukraine.
Also NKREKU receives the right to temporarily, until 1 April 2020, to install the manufacturers with a combined production of electric and thermal energy on thermal power plants, the tariff for electricity supply (in the cases stipulated by the decision of the Cabinet of Ministers of Ukraine on imposing special duties).
The report also says that the Cabinet of Ministers has the right to lift the ban on the import of electricity from Russia “in order to avoid an emergency situation in the United energy system of Ukraine”.
In early October Russia has resumed the supply of electricity to Ukraine after a four year break. Russian “inter RAO” supplied energy in pilot mode and only “prepaid,” said a company representative.
It happened once Parliament has allowed the import of electricity from Russia and Belarus in the bilateral treaties. Source RBC said that Kiev had to go back to imports due to problems with coal for power plants.
In July, Ukraine has launched its own electricity market, as required by the Third energy package of the EU cooperation program with the International monetary Fund and financial assistance from Brussels.