The Cabinet of Ministers made changes to PSO

The government approved the resolution “On Amendments to the Regulation on PSO for Electricity Market Participants to Ensure Public Interest in the Process of the Electricity Market Functioning”. This was reported by the press service of the Ministry of Energy.

The share of electricity that NNEGC Energoatom will sell through PSO has been reduced from 80% to 50-55%. For Ukrhydroenergo, this share has been reduced from 35% to 30%. Accordingly, the share of electricity that companies will be able to sell under bilateral agreements and in other market segments on competitive terms is increasing. This will improve the financial situation of state-owned enterprises, as well as State Enterprise Guaranteed Buyer.

Key changes:

- the mandatory share of electricity sales by SE NNEGC Energoatom has been reduced (the share of sales under PSO  is 80% today). The sale will be carried out in the volumes required to meet the needs of household consumers in the IPS of Ukraine trade zone (about 50-55% of the projected volume of electricity supply by SE NNEGC Energoatom). The rest of the electrical energy of SE NNEGC Energoatom, it will be able to sell in different market segments on competitive terms.

 - the obligatory share of sales of Ukrhydroenergo within the framework of PSO has been reduced from 35% to 30%. The enterprise will also be able to sell the rest of the electrical energy in different market segments on competitive terms.

Representatives of NNEGC Energoatom and Ukrhydroenergo previously provided confirmation to the Ministry of Energy that the enterprises would be financially balanced during the implementation of the draft resolution and provided the corresponding financial and economic calculations.

As noted earlier, Acting Energy Minister Olha Buslavets, the document stipulates that Energoatom will be able to sell up to 40% of electricity on the market of bilateral agreements.

Tags: The Cabinet of Ministers, contracts, tariffs, NNEGC "Energoatom", legislation, EU, ETL, electricity market, Ukrhydroenergo, Guaranteed buyer, debt, PSO, negotiations, investments, price, agreement, volumes, power system balance, infrastructure, energy sector, electricity transmission, balancing market, IPS, Shmyhal, auxiliary services market, population, Buslavets, The Ministry of Energy, economy, market, power grid, intraday market, day-ahead market, electricity consumption, housing and public utilities

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