On November 30, 2021 international business associations, chambers of commerce from such countries as Canada, France, Norway, Turkey, Sweden, Switzerland, the USA uniting foreign investors in various sectors of the Ukrainian economy, including the renewable energy sector in Ukraine, which have made significant investments in the construction of power plants using clean energy sources, sent a joint letter to the Chairman of the NEURC.

The international business community is concerned that tomorrow the Ukrainian State Regulator (NEURC) may make a decision that will not only create about UAH 20 billion debts to renewable electricity producers, but also violate three agreements with international partners and investors signed by the President of Ukraine, the Cabinet of Ministers of Ukraine and the National Commission for Regulation of Economic Competition. Accordingly, it negatively affects the investment climate throughout Ukraine.

In the letter, the senders asked while considering this issue at the meeting scheduled on 1 December 2021, to review the structure and size of the tariff for electricity transmission services of NPC “Ukrenergo” for 2022 to provide sufficient funds for 100% payment by the SE “Guaranteed Buyer” for electricity purchased in 2021-2022 from RES producers operating at FIT.

This decision will not only result in meeting the requirements of applicable laws of Ukraine, in particular the Law of Ukraine “On the Electricity Market”; it will also ensure Ukraine’s fulfilment of international commitments (signed by the President of Ukraine, the Cabinet of Ministers of Ukraine, and the NEURC) to the IMF, other international financial institutions, RES investors, and investors in NPC “Ukrenergo” bonds.

The signatories were: Canada-Ukraine Chamber of Commerce, European-Ukrainian Energy Agency, French-Ukrainian Chamber of Commerce and Industry, Norwegian-Ukrainian Chamber of Commerce, Swedish Business Association in Ukraine, Ukrainian-Swiss Business Association, International Turkish Ukrainian Business Association, U.S.-Ukraine Business Council.

The letter:30.11_Letter_International_to_NEURC_on_2022_TSO_Transmission

For the information, today was published the recommendation of the World Bank to Ukrainian Energy Regulator to include in the tariff of “Ukrenergo” for the transmission of 2022 almost 11 billion UAH for settlements with RES  https://interfax.com.ua/news/greendeal/782934.html