What happened? JSC Energy Company of Ukraine (ECU) will start exporting electricity to Poland from October 1.
Source. Press release of the company.
Details. According to the results of the Ukrenergo National Power Company's auction, the state energy trader received the right to supply 50% of the proposed export volume. CEO of ECU Vitaliy Butenko called it a double victory for the state.
“Firstly, in recent years, state-owned companies have not exported electricity to Poland, and now the state will once again make money where earlier only private companies used to make money. Secondly, the successful entry of JSC ECU brought an end to the dominance of one private player in this export direction, which increased the income of another state-owned company,” he said.
The press service emphasised that Ukrenergo received almost 35% of its total profit on the Polish market for the previous five months. Currently, ECU also participates in daily auctions for exports to Romania and Slovakia.