Income distribution between energy system operators of Ukraine and Romania agreed

Ukraine’s energy market regulator, NKREKP, on Wednesday approved the procedure for the distribution of revenues from the management of restrictions between the operators of the transmission systems of Ukraine and Romania.

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According to the terms of the draft agreement, the income from the management of restrictions on the border between Ukraine and Romania, excluding VAT, will be equally distributed between Ukrenergo, Ukraine’s state energy company, and Romanian Transelectrica S.A.

The decision will make it possible to regulate the export-import operations of electric energy through the cross-border transition in the direction of Romania, as well as stabilise the energy system.

The agreement "creates conditions for importing electricity from Romania during the hours of shortage and exporting to Romania during the hours of surplus of electricity in Ukraine," Ukrenergo said in a statement.

Earlier this month, NKREKP agreed on a similar procedure for the distribution of income from the management of restrictions between Ukraine and Slovakia.