Ukrainian nuclear power plant operator Energoatom has called on lawmakers to repeal a resolution recently passed by the Cabinet of Ministers of Ukraine and restore the previous Public Service Obligation mechanism in the country’s electricity market until the end of June.
Ukraine launched an electricity market in July 2019, but this tied Energoatom to selling 85% of its electricity production to the so-called Guaranteed Buyer at a fixed low price within the PSO.
“On 28 April, even before the appointment of the new Minister of Energy of Ukraine and completely ignoring the position of Energoatom, the government, on the submission of the Ministry of Energy, adopted Resolution 439, which amended the Regulation ‘On the provision of special duties on participants in the electric energy market to ensure the public interest in the process of operation of this market’.
“Currently, only six of the 24 universal service providers with whom Energoatom must enter into contracts have made money from .
And, by 15 May, the company “must conclude and administer” contracts with all 24 of the market’s ‘universal service providers’, a function previously the responsibility of the state-owned Guaranteed Buyer.