The state-owned Energy Company of Ukraine (ECU) will start supplying electricity to Poland on Oct. 1, according to a statement made on Sept. 30.
Once that process begins, ECU will control 50% of the electrical export market to Poland,
The enterprise was granted the right to export electricity to Poland with a capacity of 110 MW after winning a daytime auction held by the transmission system operator Ukrenergo on Sept. 29.
As a result, the state-owned energy trader displaced the dominant private player and received the right to supply 50% of the export volume offered at the auction.
"In recent years, state-owned companies have not exported electricity to Poland, and now the state will again earn where only private companies used to earn," said Vitaliy Butenko, CEO of the Energy Company of Ukraine.
He also noted that the successful entry of ECU ended the dominance of the one private player in this export direction, which, in turn, increased the income of another state-owned company — Ukrenergo.
According to ECU, Ukrenergo received almost 35% of all that it had earned in the Polish direction in a single day compared to the previous five months.
Earlier, it was reported that the operators of transmission systems of continental Europe ENTSO-E agreed to increase the available capacity between Ukraine and the European Union during the daytime.