Ukraine Started Electricity Trading with EU Neighbors

Thursday, 30 June 2022

On June 30, Ukraine started electricity trading with Romania, marking the beginning of commercial electricity exchange between Ukraine and the EU.

"Today, at 1 AM, the trading to Romania has started. The initial volume is 100 MW. On the first day alone, the state enterprise Ukrenergo earned 10 million UAH from trading to the interstate crossing. The export potential of Ukrainian electricity to Europe is up to 2.5 GW. Based on this scenario, the state will be able to receive more than 70 billion UAH a year," said Prime Minister Denys Shmyhal.

According to him, energy will become one of the drivers of the Ukrainian economy recovery, as it has already become a driver of the EU integration.

Trade capacity is planned to be gradually increased after the initial stage based on the stability and security of the energy system.

Electricity trading to other connections (Ukraine-Slovakia, Ukraine-Hungary, and Moldova-Romania) is expected to start later.

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