NERC to simplify electricity export procedure

The National Electricity Regulatory Commission, according to an announcement on its website on Friday, is moving to simplify the procedure for exporting electricity: reducing the starting price for transmission capacities at export auctions, Kommersant reported today. The newspaper’s sources said that the decrease in the starting price could lead to 40-50% more electricity exports already from the first auction. Yegor Samusenko: Though liberalization of export is still a working project, we believe it can be adopted soon. Zakhidenergo (ZAEN) would benefit most from liberalized exports, but all other GenCos could increase their utilization rates if exports increase to Belarus and Moldova. We believe this news might put speculative upward pressure on all GenCos until the regulation is actually adopted and it is clear how significant the increase in electricity exports is in store for Ukrainian generators.