“Ukraine: Energy in the Spotlight Revisited” at University of St. Andrews
The Ukrainian electricity system has withstood unprecedented and targeted attacks by the Russian aggressor over the past two years. It has remained largely functional, even though there have been repeated temporary and localised power outages, such as during last winter. The coming winter will nevertheless be a challenge – around 50% of all power generation
Synchronising Ukraine’s and Europe’s electricity grids
Synchronising Ukraine’s and Europe’s electricity grids will be expensive, but hugely beneficial. This paper discusses the challenges and potential benefits in detail.
Increasing RES electricity generation through competitive auctioning of feed-in premiums
We propose regulatory changes that would reduce RES imbalances, ensure a more efficient dispatch of Ukraine’s electricity system and hence reduce the need for costly balancing energy.
Reforming Ukraine’s electricity market
We assess the recent market development after the first year of market opening, and address a number of issues that we deem critical for ensuring the development of a stable, transparent and competitive market.
The first year of operation under the new electricity wholesale market
Our 5th issue of the MEMO series now takes stock of the first 12 months of operation under the new wholesale market.
NPP Analysis – May 2020
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.
Seven months of market opening – stocktaking
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.
Energy Strategy 2035. Implementation progress Nov 2019 – Feb 2020
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.
Recommendations on energy storage
Ukraine’s electricity market does not need state support for energy storage projects. It needs a properly working electricity market aligned with the EU 4th Energy Package to boost the flexibility of the grid.
Electricity for all
Basic technological & economic features of electricity markets (in EU countries). Challenges in market development: new forms of trading, sector coupling and digitalisation.
CO2 taxation in Ukraine
Tax revenues from a potential upstream carbon tax in Ukraine of 27UAH/t CO2 are estimated between UAH 5.6 and 6.1 bln. Price increases from taxation are strongest for coal (+3.5%-4.3%).
Russian Ukrainian Electricity Trade
Increasing electricity imports from Russia can help to improve competition, reduce prices and reduce emissions. But it should be regulated to minimize adverse effects.
Developments on the electricity market Sep 2019
Market power remains strong and starts exploiting balancing market. Changes to PSO does not help the competition. Prices in the IPS start to drop as nuclear power ramps up production.
Making Ukraine’s Electricity Market work for Ukrainians
Analysis of (inflated) wholesale prices after electricity market opening. What could be done in the short and long run to fix this?
Developments on the electricity market Jul-Aug 2019
Prices are stable as the market shows no signs of effective competition. Increase of import to the BEI does not affect prices. Price caps are higher than the estimated marginal costs of coal generators.
The first two weeks of market opening
Ukraine has finally opened its electricity market despite many concerns. Prices are high, some market segments do not work properly, and the smaller BEI trading zone is under the reign of monopoly.
Electricity Market Opening – assessment of latest regulations
Before the deadline for electricity market opening, Ukraine’s official work hard to patch the holes in the upcoming regulatory framework. Does it help or constraints the future market?
Ukraine on the way to a functioning electricity market
Main features of a successful electricity market based on the 20 years’ history in opening the EU electricity market. Lessons learnt and best practises for the Ukrainian context.
Summary: Risks of opening the Ukrainian Electricity Market
Ukraine is about to liberalise its electricity market. Yet the devil is in the details: the rules are far from perfect and key players are not ready. What are the risks?
Analysis: Risks of opening the Ukrainian Electricity Market
The market opening on July 1st may have negative impact on final prices for industries and economy as a whole. With little time left, at least critical risks should be mitigated.
Challenges of the Electricity Market Reform
Analysis of implementation challenges related to wholesale market reform, in particular preparation, coordination, issues of market design, concentration and liquidity.
Debts in the Ukrainian Electricity System
Accumulated debt poses a major obstacle on the way towards a new electricity market. A solution to this problem needs to be found before the new market design is introduced.
A Scenario based 2035 Forecast of Electricity Demand in Ukraine
Ukraine’s 2035 electricity demand is estimated based on GDP growth, electricity price and energy efficiency trajectories. Only in a high GDP growth scenario, demand increases substantially.