Ukraine continues to work on implementing long-term (forward) auctions for electricity imports with European Union energy partners, reported the National Energy and Utilities Regulatory Commission (NEURC).
"Currently, the key goal is to ensure Ukraine's energy security through cooperation with European partners, the introduction of forward auctions, and strengthening integration with the EU energy markets," stated NEURC Chairman Yurii Vlasenko, whose remarks were cited on the NEURC website.
He participated alongside commission member Ruslan Slobodyan and Ukraine's Deputy Minister of Energy Roman Andarak in an online meeting on the introduction of long-term auctions for capacity allocation between Ukraine and EU countries, organized by the Energy Community Secretariat late last week. Representatives of regulators and transmission system operators from Poland, Slovakia, Hungary, Romania, as well as international organizations ENTSO-E and the Joint Allocation Office (JAO), also attended the meeting.
"During the meeting, the prospects of introducing forward auctions as an effective tool for long-term planning of electricity imports, especially during the autumn-winter period, were discussed," the regulator informed.
The participants also expressed support for joint efforts to develop the necessary regulatory and technical solutions to accelerate energy market integration.
"These steps are expected to strengthen the energy stability of Ukraine and its partners, as well as ensure stable energy supply even under the challenges associated with aggression against Ukraine," emphasized NEURC.
As previously reported, citing D.Trading LLC, Ukraine reduced its total electricity imports by 9% in November 2024 compared to October, to 165 million kWh.
Meanwhile, in October, electricity imports fell by 58% compared to September, marking the lowest level since March 2024.
Ukraine and the EU have agreed to increase the maximum import capacity of electricity from EU countries from December 1, 2024, from 1.7 GW to 2.1 GW.
Additionally, Ukraine has a guaranteed capacity of 250 MW for energy flows from the EU in emergency assistance mode.
For their part, European transmission system operators will be able to review the capacity limit for commercial electricity exchanges between the EU, Ukraine, and Moldova monthly from March 2025.
