The national Commission has identified the mechanism of functioning of renewable energy in new market conditions

НКРЭКУ определила механизм функционирования возобновляемой энергетики в условиях нового рынка

Prior to the work of the state enterprise (GP) “Guaranteed buyer” to carry out the repurchase of the electricity produced by the “green tariff” will be the GP “energy”.

As reported by Ukrainian news, this is stated in the message on the website of the National Commission, carrying out state regulation in the sphere of energy and utilities (NKREKU).

“In accordance with parts 2, 3 and 9 of article 65 of the law of Ukraine “On electricity market”, the Cabinet of Ministers to ensure public interests and execution of state guarantees of purchase of the electricity produced at electric power facilities using alternative energy sources (and using hydro energy — produced only by micro-, mini – and small hydropower plants), at the established “green” tariff and the auction price determines the state enterprise to fulfil the functions of a guaranteed buyer of electric energy,” reminded NKREKU.

To start full-scale work of GP “Guaranteed buyer” function for the purchase of electricity produced by “green tariff”, must perform the GP “energy”.

“Given the fact that guaranteed, the purchaser may not work in full before the commencement of the new electricity market, to ensure the commencement of operation of new electricity market in due time the SE “Energorynok” as a licensee for wholesale supply of electric power temporarily bound prior to the commencement of a guaranteed buyer as a separate entity, to carry out activities to implement the functions of a guaranteed buyer, including compliance with license conditions and other regulatory legal acts governing the functioning of the electricity market”, — stated in the message of the national Commission.

According to the decree of the Cabinet of Ministers of Ukraine of April 17, 2019 No. 324 was created by GP “Guaranteed buyer” on the basis of branch “Guaranteed buyer” GP “energy”. The Cabinet of Ministers decree of may 22, 2019 No. 455, approved the Charter SE “Guaranteed buyer”. On it, according to the Law of Ukraine “On electricity market” entrusted with the implementation of the commitments of the state to pay for renewable energy sources “green” tariff, that is, the purchase of all electricity generated from alternative energy sources.

We will remind, according to the law “On electricity market”, from July 1, 2019 starts the second stage of the reform of the electricity market liberalization of the wholesale market. The law of Ukraine “On electricity market” is aimed at implementation of legislative acts of the Energy community in the energy sector, namely directives of the Third energy package.

The implementation provided by the Law of Ukraine “On electricity market” reforms will lead to liberalization of the electricity market of Ukraine and its functioning on a competitive basis on the European model. The launch of the competitive electricity market is one of the commitments of Ukraine to the European Union (EU). Reform in the energy sector is one of the conditions for granting Ukraine the second tranche of macro-financial assistance from EU in the amount of 500 million euros.