Shift in the role of power system of Ukraine in the European electricity market
Shift in the role of power system of Ukraine in the European electricity market

Summary/Abstract: The aim of this article is to present the changes that have taken place in Ukraine’s role as an exporter of electricity to the European Union and the Commonwealth of Independent States and to outline the prospects for a new function of Ukraine in the European electricity market. The authors provide an analysis of the state of the electric power industry in Ukraine and its technical parameters. There has been considered the indicators of export and import of electricity. In addition, the problems of association with the EU and further possible cooperation have been defined. The study was conducted by analyzing the statistics of European countries, summarizing the academic literature and internal documentation of energy-generating and transmitting companies of Ukraine. The study has revealed that Ukraine is turning from an exporter into an importer of electricity due to the partial loss of access to cheap local raw materials and the need for significant investment into the modernization of power-generating and transmitting capacities. At the same time prices for electricity in the European electricity market are continuously cutting. However, the integration of Ukraine into the European electricity market will not only increase the range of consumers for European electricity producers, but it will also contribute to more stable work of the electrical power system in Europe. If necessary, the electric power system of Ukraine is able to supplement the European electricity market with it capacities, meanwhile offering attractive electricity transit tariffs.

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