Home
/
News
/

Ukraine to Renew Electricity Exports to Russia on Nov. 1

Ukraine to Renew Electricity Exports to Russia on Nov. 1

26 October 2008

Ukrainian electricity exporter Ukrinterenergo and Russian Inter-RAO UES signed a one-year contract to export 200-800 MW of electricity to Russia starting on Nov. 1, 2006. The contract can be prolonged. The price of supplied electricity during the first four months is set at the Ukrainian wholesale market price (currently about 40 USD/MWh), and afterward it is set according to the tariff of the Energoatom nuclear company (currently about 21 USD/MWh). Alexander Paraschiy: The pricing methodology implies that Russia will buy electricity produced mostly at thermal power plants (which is positive for GenCos) during the winter period (Nov. – Mar.), and then will buy base-load electricity produced at nuclear power plants. At the moment it is not clear whether the final price includes transportation fees. The last contract signed between Ukraine and Inter-RAO in 2004 failed only because contract price did not include a transportation tariff, so Ukrainian consumers paid for the transportation of electricity to Russia.

Latest News

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...