Energorynok, Ukrenergo preparing for launch of new electricity market in Ukraine

Ukrenergo also published a schedule for the launch of software modules for the market management system and module training events.

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The state-owned operator of Ukraine's integrated power grids, Ukrenergo, and Ukraine's wholesale electricity market operator, state-run enterprise Energorynok, have launched test operations for the sale and purchase of electric power in the relevant segments of the new electricity market, in line with the Law of Ukraine "On the Electric Energy Market."

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Energorynok began to carry out test operations in the "day ahead" market and in the intra-day market, as well as started to test the work of a guaranteed buyer's balancing group, the National Energy and Utilities Regulatory Commission (NEURC) said on its website on April 24.

In turn, Ukrenergo began test operations on the electricity market: a software module has been launched for the administrator of calculations to register bilateral agreements and fulfill relevant test operations. The registration of market participants has been launched as well.

Ukrenergo also published a schedule for the launch of software modules for the market management system and module training events. It is available on its website.

As was earlier reported, a new electricity market was planned to be introduced in Ukraine from July 1. The market is expected to introduce requirements of the EU Third Energy Package. Noteworthy, the obtaining of the EU macro-financial assistance worth EUR 500 million in 2019 depends on the timely introduction of the country's electricity market.

The international community has expressed concern about the slowdown in the launch of a new electricity market in Ukraine and called for a prompt meeting of the relevant coordination center. That is stated in a joint letter by Head of the Delegation of the European Union to Ukraine Hugues Mingarelli, Director of the Energy Community Secretariat Janez Kopac, Head of the European Investment Bank's Resident Representation for Ukraine Jean-Erik De Zagon, EBRD Managing Director for Eastern Europe and the Caucasus Matteo Patrone, and USAID Mission Director to Ukraine, Belarus and Moldova Susan Fritz.

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