In May, Ukraine increased its electricity imports sixfold

In May, Ukraine increased its electricity imports sixfold

At the same time, exports of Ukrainian electricity during this period decreased by 57%

In May, Ukraine increased its electricity imports sixfold

In May, Ukraine increased the import of electricity by 5.9 times compared to the previous month – up to 23,600 MWh.

This is indicated by the calculations of ExPro.

At the same time, the export of Ukrainian electricity during this period decreased by 57% – to 41,300 MWh, although it exceeded the volumes of imports.

In May, Ukraine imported nearly 18,000 MWh from Slovakia and 5,600 MWh from Moldova. The increase in imports was due to falling prices in the European markets. The base load price on the Slovakian spot market, according to the Okte exchange data, fell to 40 euros/MWh at the end of May. For some hours, the price could reach negative values.

Since the beginning of 2023, Ukraine has imported the most electricity in February – 141,800 MWh.

In May, exports took place in two directions – Moldova (57.5%) and Poland (42.5%). Ukraine lost the ability to export to Slovakia due to disagreements in the conduct of auctions for distribution capacity. Since the beginning of 2023, Ukraine has already imported 238,800 MWh and exported 137,000 MWh.

Background. The government was forced to increase electricity tariffs for the population in order to restore the power system and prepare for the coming winter.

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