Authorization
JSC "Energy Company of Ukraine" (JSC "ECU") has joined the Ukrainian Wind Energy Association (UWEA), which unites 100% of wind electricity producers. JSC "Energy Company of Ukraine" to cooperate with the RES industry association on providing green electricity producers with competitive direct access to the free electricity market.
The partners will work together to increase profitability and reduce the risks for "green" companies in the free energy market.
The opportunity to operate in the free market has appeared for green producers this year after recent changes in the RES legislation. ECU offers a comprehensive proposal for renewable energy producers, which allows for direct access to the competitive energy market in Ukraine, optimizes imbalances, and overall stabilizes their economic models. The offer includes a guaranteed off-take of electricity according to the forecasted schedule and balancing services in ECU’s balancing group.
ECU has already signed contracts with leading renewable energy producers and is currently among the TOP 3 green energy traders on the free market in Ukraine.
"Cooperation with renewable energy producers is one of the strategic priorities of ECU. By joining UWEA, we are expanding the dialogue within the industry about the next steps for developing green energy production in Ukraine and solving the investment problems in this field," said Vitaliy Butenko, CEO of ECU.
"UWEA participants have already been selling electricity on the free market, taking advantage of its opportunities. I am confident that the experience and expertise of the ECU team, currently the only state-owned company in our association, can multiply these benefits," said Andriy Konechenkov, Chairman of the Board of the Ukrainian Wind Energy Association.
For information: JSC "Energy Company of Ukraine" (ECU) is a state-owned energy trading company, engaged in operations related to the purchase, sale, and supply of energy resources to commercial clients. The company is 100% state-owned.
ECU operates in both domestic and foreign energy resource markets. The company is also the founder of the first state-balancing group of electricity market participants.
ECU manages a portfolio of electricity supplies for leading companies in Ukraine, both state-owned and private.
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