News

The Board of Directors at the European Bank for Reconstruction and Development (EBRD) has decided to grant a loan of 140 million euros to the utility company “Kyivteploenergo” to develop heat infrastructure in the capital city.

This is a large-scale task requiring years of implementation as Kyivteploenergo is one of the world’s largest heat and energy utilities providing district heating services.

Humankind puts much hope in renewable energy. This means renewable sources to replace fossil fuels, thermal power stations and nuclear plants. This is a strategy that most countries have already endorsed. Ukraine is planning to increase the share of renewable energy in the country’s energy balance to 25% by 2035, as envisaged by the Energy Strategy of Ukraine. Here Allen Eisendrath, an expert from the USAID Energy Security Project, shares his vision of renewable energy, its prospects in Ukraine and the introduction of energy storage systems – an issue that is being widely debated in this context.

The USAID Energy Security Project (ESP), jointly with the Ministry of Territories and Communities Development of Ukraine, implements the Program helping municipal stakeholders implement reforms aimed at technical optimization, higher economic efficiency, and the environmental sustainability of heat supply systems.

According to Alexander Golas, ESP Energy Market & Institutional Regulatory Advisor, EU Regulation on the Integrity and Transparency of Wholesale Energy Markets (REMIT) introduces a paradigm shift in energy markets regulatory oversight. More about implementation of REMIT in Ukraine and related chellanges - in our interview with the expert.

Unique USAID-developed power storage solution to be implemented with $212 million in World Bank financing

On July 1, a meeting was held of the multilateral working group on REMIT implementation in electricity and gas markets in Ukraine, organized by USAID ESP and the National Energy and Utilities Regulatory Commission (NEURC), which was also attended by representatives of NEC Ukrenergo, Market Operator and GTS Ukraine Operator LLC.

The purpose of the meeting was to get acquainted with ESP’s "road map" for the implementation of REMIT-related IT infrastructure in electricity and gas markets in Ukraine.

The State-owned enterprise “Guaranteed Buyer” has been improving generation forecasts for renewable energy (RE). Support from the United States Agency for International Development (USAID) provided to the enterprise through the Energy Security Project (ESP) made it possible to significantly progress this work. Cooperation on renewable generation forecasting and planning between the Guaranteed Buyer and the USAID ESP involved Enercast, a German provider of renewable generation forecast technologies. The company operates in 20 countries worldwide and provides forecasts for over 180 GW of installed wind and solar energy capacity.

Following the liberalization of the Ukrainian gas market for households from August 1, 2020, approx. 13 million households have the opportunity to freely choose any natural gas supplier on the market. A relatively fast and consumer-oriented supplier switching process is one of the necessary prerequisites for the development of retail market competition.

On May 27, USAID Energy Security Project held a roundtable on “Auctions for Energy Storage and Resource Adequacy Approaches”, aimed to discuss pending storage legislation and related ways of electricity market balancing.