Ukrhydroenergo initiates amendments to the law on electricity market

in order to protect the economic interests of Ukrhydroenergo, prevent the plant shutdowns and prevent the creation of preconditions for introduction of bankruptcy proceedings, respecting the principle of equality of parties in business relations, the company considers it necessary to amend the contract of purchase and sale of electric energy entered into with GP "Guaranteed buyer". This is stated in the message on the official website of the company.

in addition, Ukrhydroenergo to initiate changes in the legislation of Ukraine on ensuring public interests, in particular in the part of the contract of purchase and sale of electric energy GP "Guaranteed buyer" for a period of one calendar year, not one month, as is happening now. Purchased at auction the volume of electric energy, period, delivery schedule and cost offered to execute appropriate additional agreements.

the company said that, beginning in February 2020, GP "Guaranteed buyer" is not fulfilling its financial obligations to the seller and increases the accounts payable for each month of the delivery of electric energy Ukrhydroenergo.

Earlier on Tuesday, the people's Deputy, Chairman of the parliamentary Committee on energy, housing and utilities Andrei Gerus (fraction "servant of the people") and a number of his colleagues filed a bill No. 3364, which proposes to amend the law "On electricity market" and to allow "Ukrenergo" become a certified transmission system operator not being the owner of a backbone network and manage it on the principle of economic management. The relevant text of the bill on 21 April, was published on the website of the Verkhovna Rada of Ukraine.

Recall that the crisis in the electricity market of Ukraine Savile DTEK. The holding of the billionaire Rinat Akhmetov suspended operation of the largest coal-mining enterprises of Ukraine "Pavlogradugol" because of the unprofessional decisions of the authorities and accumulation of significant debt in the electricity market. In addition, suspended the operation of five mines of DTEK Dobropolyeugol, the mine "Belozerskaya" and TSOF October.