Clean Energy Tool
Reliable, consistent and digestible information for investment in clean energy projects around the world.
Reliable, consistent and digestible information for investment in clean energy projects around the world.
RE Auctions
On November 14, 2024, the Guaranteed held an auction to distribute additional annual support quotas for alternative energy projects.
This auction was conducted in accordance with the Cabinet of Ministers of Ukraine’s decision dated August 13, 2024 (No. 757-р), under the link you can find more information on the auction procedure. The purpose of the auction is to allocate quotas for new alternative energy projects, excluding solar, wind, fuel gases, coke gases, and hydro energy (except for micro-, mini-, and small hydropower plants).
Key Details of the Auction:
Quota Size: 11,000 kilowatts
Maximum Bid Price: €0.12 per kilowatt-hour
Participants:
- Bidder 1: 900 kW at €0.111 per kWh
- Bidder 2: 999 kW at €0.119 per kWh
The final results, including the announcement of the winners, will be confirmed after SE "Guaranteed Buyer" completes the verification of participants' documents. This process will be completed within 10 working days of the auction date.
The third and final auction of the year, focusing on wind energy projects, was scheduled for November 29, 2024.
Quota Size: 88,000 kilowatts
Maximum Price Offer: €0.09 per kilowatt-hour
Project Location: Applicable to facilities across the entire territory of Ukraine
According to the announcement, this auction did not take place due to an insufficient number of bidders (1 out of 2 required), as at least 2 bidders are necessary for the auction to proceed.
Similarly, the first auction, scheduled for October 31, 2024, which aimed to allocate an 11 MW quota for the construction of solar power plants (SPPs) did not take place due to the absence of bidders.
NEURC retains Electricity Market Price Caps
On November 25, the National Energy and Utilities Regulatory Commission (NEURC) held a session to review the regulation of energy markets. The regulator decided not to adjust the price caps in the electricity market starting in December.
The current price caps for the electricity market are as follows:
| 1. Day-Ahead Market and Intraday Market | |
|---|---|
| MAXIMUM PRICES | |
| 00:00–07:00 & 11:00–17:00 | 5,600.00 UAH/MWh €142/MWh |
| 07:00–11:00 & 23:00–24:00 | 6,900.00 UAH/MWh €175/MWh |
| 17:00–23:00 | 9,000.00 UAH/MWh €228/MWh |
| MINIMUM PRICE | |
| 10.00 UAH/MWh €0.25/MWh | |
| 2. Balancing Market | |
|---|---|
| MAXIMUM PRICES | |
| 00:00–07:00 | 6,600.00 UAH/MWh €167/MWh |
| 07:00–17:00 & 23:00–24:00 | 8,250.00 UAH/MWh €209/MWh |
| 17:00–23:00 | 10,000.00 UAH/MWh €253/MWh |
| MINIMUM PRICE | |
| 0.01 UAH/MWh €0.00025/MWh | |
( Conversion based on an approximate exchange rate of 1 EUR = 39.5 UAH. Actual rates may vary )
Transmission and distribution tariff
Ukraine's National Energy Regulator Approves 25.8% Increase in Electricity Transmission Tariff for 2025.
Ukraine Cuts Electricity Imports
According to DiXi Group, Ukraine reduced electricity imports by 58% in October compared to September, totalling 181.8 thousand MWh. In contrast, exports increased 88 times to 60.7 thousand MWh from just 0.7 thousand MWh in September.
ENTSO-E increases electricity import capacity to Ukraine to 2.1 GW
Starting December 1, the maximum capacity for electricity imports from EU countries will be increased from the current 1.7 GW to 2.1 GW.
The operators jointly assessed the state of the electricity system and looked for ways to maximise capacity this winter. The results of the calculations allowed the operators to increase the capacity limit for deliveries to Ukraine and Moldova to 2100 MW this winter. This is an increase of 400 MW from the previous level.
The 2100 MW limit will apply from 1 December 2024. From March 2025, operators will be able to review the commercial capacity limit between the EU and Ukraine and Moldova on a monthly basis.
Ukraine will also have an additional guaranteed capacity of 250 MW for emergency flows from the EU.
The Government of Ukraine changes the electricity restriction measures for enterprises
The Cabinet of Ministers of Ukraine has amended the Regulations "On the specifics of electricity imports under the legal regime of martial law in Ukraine". Electricity restrictions will not be applied to companies that import more than 60% of their consumption or produce more than 60% of their consumption on their own. This decision was taken at a government session on 26 November. Previously, electricity restrictions were not applied to companies that import or produce 80% of their electricity needs.
Changes in terms of connection to the Transmission System
The lawmakers from the Energy Committee of Parliament have proposed several amendments to the Bill No. 11392 that will significantly impact wind and solar power projects currently under development.
Renewable facilities development
In the first half of 2024, the share of renewable energy sources (RES) increased by 0.3 percentage points, reaching 9.8%.
After the damage to all major thermal power stations (TPS) and hydroelectric power stations (HES) in the spring of 2024, green energy has taken on a crucial role in rescuing Ukraine's energy sector. Ukrenergo is developing a model for the future energy system based on RES. The goal is to increase wind generation capacity fivefold, biomass-based TPS fourfold, solar generation by 60%, and to build 0.8 GW of energy storage systems from scratch within the next 2–3 years.
Two new nuclear reactors to be built at Southern-Ukrainian Nuclear Power Plant
At the South Ukrainian NPP, preparatory works are underway for the construction of two power units (blocks no. 4 and 5) using Westinghouse's AP1000 technology. A geodetic report on the selection of the site for the construction of these units has been developed, and geological studies have been conducted. The first and the second notifications regarding the proposed activity, subject to environmental impact assessment, were published on November 18, 2024.
Currently, the South Ukrainian NPP operates three power units with a total capacity of 3,000 MW.
Ukraine and the United States are expanding cooperation in the field of small modular reactors
At COP29 in Baku, Ukraine and the United States announced the launch of three projects under the FIRST program (Foundational Infrastructure for the Responsible Use of Small Modular Reactor Technology). The projects focus on advancing small modular reactor (SMR) technology to promote clean energy, energy security, and economic growth, positioning Ukraine as a leader in post-war nuclear technology.
The three interconnected projects include:
1) Building a pilot plant for clean hydrogen and ammonia production (The Clean Fuel Project).
2) Converting coal plants to SMRs (The Phoenix Project).
3) Developing a roadmap for decarbonizing the steel industry using SMRs (The Clean Steel Project).
Ukraine aims to triple its nuclear capacity by 2050, including both large-scale reactors and SMRs, with the involvement of top energy companies and research institutions. SMRs offer advantages such as modular production, portability, enhanced safety, and reduced initial costs, playing a key role in Ukraine’s energy security and post-war recovery.
International support for Ukraine's energy sector
The United States Agency for International Development (USAID) has announced $825 million in support of Ukraine's energy sector this winter, almost double the amount invested by the US last year.
The Swedish government has also provided an additional €40 million to purchase equipment that will improve the energy supply situation in regions that are under constant military attack.
DTEK Group will receive EUR 62.8 million from the European Commission and USD 46.1 million from the US government to restore the facilities destroyed by russian attacks and prepare power plants for the winter. Before russia's full-scale invasion, DTEK produced about a quarter of the country's electricity. By mid-summer, 90% of DTEK's generating capacity had been destroyed by russian attacks, but the company has restored more than half of the lost capacity.
Unification of the procedure for connection of biomethane projects
The National Energy and Utilities Regulatory Commission (NEURC) has introduced changes to the Gas Distribution System Code, creating a uniform procedure for connecting biomethane production facilities to the gas grid. These amendments establish a clear and consistent connection process for all future biomethane and alternative gas producers, granting them easier access to the gas distribution network and ensuring the quality of biomethane and improve the security and efficiency of gas transmission to the grid.
The new standardized connection procedures are a significant step forward for Ukraine’s biomethane sector. By streamlining the connection process, these reforms make it easier for producers to enter the market, while also ensuring safer and more efficient integration of biomethane into the national gas grid.
sophisticated solutions for businesses on their way to carbon neutrality
WE HELP WITH
