NEURC to establish monitoring of contracts in electricity market between affiliated participants 2 min read
The National Energy and Utilities Regulatory Commission of Ukraine (NEURC), at a meeting on January 6, approved a draft resolution on the mandatory provision of information on bilateral agreements in the electricity market by those entities that are part of vertically integrated companies or are affiliated with each other. We approve this decision, but I ask to hold a meeting on this matter, because I do not fully feel the need [for the adoption of such a regulatory act]. Most likely, I am wrong, but in any case I propose to approve and then discuss, Chairman of the NEURC Valeriy Tarasiuk said.
AMCU closes Rotterdam + case without establishing violations 1 min read
The Antimonopoly Committee of Ukraine (AMCU) has closed the case on possible violations of the National Energy and Utilities Regulatory Commission of Ukraine (NEURC) when setting a forecast of wholesale electricity market price in 2016-2017 (the so-called Rotterdam + formula case), the committee s press service said. The evidence collected in the case does not confirm the information that the actions of the commission on calculating the forecast of the wholesale market price in violation of the algorithm determined by the wholesale market price s procedure, by manually adjusting it for the previous settlement period, led to the provision of benefits to individual business entities or groups of business entities, which put them in a privileged position relative to competitors, the committee said.
12:24 18.12.2020
RES generators to challenge regulator s decision to pay fee to Guaranteed Buyer to secure its participation in intl arbitration tribunal – experts 2 min read
KYIV. Dec 18 (Interfax-Ukraine) – The majority of green electricity producers, in respect of which the National Energy and Utilities Regulatory Commission of Ukraine (NEURC) decided that they are to pay 0.11% of the net income for the first three quarters of 2020 to the state-owned enterprise Guaranteed Buyer to create a special fund for participation in international arbitrations, will challenge this decision in court, Director of the Solar Energy Association of Ukraine Artem Semenyshyn has said. Most of the companies that have come under the so-called NEURC sanctions will sue seeking their cancellation. The regulator s decision does not have any legal basis, Semenyshyn said at a press conference at Interfax-Ukraine on Thursday.