Ukraine cuts Hungarian electricity export quota

16:44, 15 October 2008
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In the interest of breaking the company`s monopoly

Ukraine has cut nearly all of Hungarian-owned System Consulting`s quota for electricity imports from Ukraine to Hungary, business daily Világgazdaság reported, citing a report in local paper Ukrajinskije Novosti, according to Budapest Business Journal.

Ukraine reduced the amount of electricity System Consulting may import from Ukraine to just 5MW a year from 350MW in the interest of breaking the company`s monopoly. The state-owned Ukrinterenergo has taken over the export of the electricity, but the company has no cross-border capacity with Hungary.

Ukraine`s transmission system operator Ukrenergo has tired to convince its Hungarian counterpart Mavir to free up some cross-border capacity, but to no avail.

The matter is being taken to Brussels.



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