NEURC approved the cost of services of Guaranteed Buyer for January and February

The National Energy and Utilities Regulatory Commission approved the size of the cost of services on ensuring an increase in the share of electricity production from alternative sources of energy provided by the state-owned Guaranteed Buyer in January and February 2020. This was reported by the press service.

The corresponding decision was made at a meeting of the Regulator on March 20, 2020.

So, the approved size of the cost of this service amounted to UAH 1.37 billion (excluding VAT) in January and UAH 2.6 billion (excluding VAT) in February 2020.

To recap, according to the Procedure for the sale of electric energy in accordance with a feed-in tariff, after the approval of the cost of services provided by Guaranteed Buyer, the transmission system operator (Ukrenergo) makes the final payment to the company within one business day.

Now Guaranteed Buyer is waiting for the transfer of funds from NPC Ukrenergo.

Earlier it was reported that Guaranteed Buyer had paid renewable electricity producers UAH 200 million in advance for March.

Tags: The Cabinet of Ministers, contracts, renewable energy, tariffs, legislation, electricity, NEURC, EU, The Minystry of Energy and Coal Mining, Ukrenergo, feed-in tariff, ETL, electricity market, Guaranteed buyer, renewables, investments, The National Energy and Utilities the Natuonal Regulatory Commission, power system balance, electricity transmission, transmission system operator, IPS

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