Not viable to import electricity from EU, Ukrenergo says

9 December 2022, 09:22 PM
Volodymyr Kudrytskyi (Photo:Natalia Kravchuk/NV)

Volodymyr Kudrytskyi (Photo:Natalia Kravchuk/NV)

Ukraine would need a special funding mechanism to make importing electricity from the EU economically feasible, head of Ukraine’s power grid operator Ukrenergo, Volodymyr Kudrytskyi, said during a press briefing on Dec. 9.

While the option to tap into Europe’s power grid is technically available – since Ukraine merged its grid with that of the EU back in March – Kudrytskyi noted that a staggering price spread for electricity between Ukrainian and EU markets makes the scheme currently non-viable.

“The problem is European electricity is much more expensive than Ukrainian electricity,” said Kudrytskyi.

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“No entity on the Ukrainian market would to buy it for EUR 200-250 ($211-264) per MWh from Romania or Slovakia – to then sell it here for EUR 80 ($84) per MWh.”

He suggested that a special funding mechanism would have to be introduced for Ukraine to be able to afford to mitigate its electricity shortage via imports.

Kudrytskyi earlier said that every single Ukrainian thermal power plant has been damaged by Russian missile strikes of the past two months.

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