Renewable electricity generation has reached record level. A decline in nuclear output could be observed in May 2020 that was not justified by technical or economic reasons, lower electricity demand or RES deployment.

Our 5th issue of the MEMO series now takes stock of the first 12 months of operation under the new wholesale market.

NPP electricity generation in May was significantly below the economic efficient level. This cannot be explained by Covid-related demand decrease or a high RES generation share.

On July 22, LCU submitted a draft of the "Integrated National Energy and Climate Plan” to the Ministry of Energy. As a Contracting Party of the Energy Community, Ukraine committed to submit a NECP by the end of 2020.

Curtailing and compensating RES can be cheaper than taking up 100% of RES electricity through investment into conventional plant park or transmission.

Anti-crisis measures in electricity sector. Ukrenergo certification. Gas market. RES support scheme. Electricity market opening. Electricity consumption decrease due to Covid-19.

2020 electricity consumption might decrease by 5% (best case) to 8% (worst-case scenario).

Frequent changes to the legal framework fail to address the structural problems. Loopholes undermine the market and speed up debts’ accumulation. Extended data transparency is an upside of the reform.

Progress of Ukraine's 2050 Green Energy Transition Concept. Legislative amendments to the electricity market. FIT restructuring issues. Signing of gas transit deal. Regulatory framework on energy storage. Carbon taxation.