Market Operator paid over UAH 100 million in taxes

The State Enterprise Market Operator paid 109 million UAH of taxes, fees, and mandatory payments to budgets of different levels for 9 months of 2020, the press service reports.

It is noted that during this period, the company received a net income of UAH 43 billion, while the net profit amounted to UAH 10 million.

EBITDA (an analytical indicator equal to the volume of profit before interest expense, taxes, and depreciation charges – ed.) of the Market Operator is UAH 22.5 million for 9 months of 2020.

SE Market Operator is responsible for organizing the purchase and sale of electricity on the day-ahead market and the intraday market, ensuring a balance between supply and demand on the electricity market.

The Cabinet of Ministers has replaced the director of Market Operator.

Earlier, in April 2019, the Cabinet had created the state-owned enterprises Market Operator and Guaranteed Buyer.

Tags: The Cabinet of Ministers, ETL, electricity market, Market operator, taxes, DAM, price, intraday market

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