What is Happening in the Ukrainian Energy Market?

Ukraine, like other European countries, is experiencing a crisis caused by the coronavirus pandemic. In the energy sector, this is reflected by a significant decline in electricity consumption. However, the situation is further compounded by an ongoing systemic crisis in the sector.  Even before the Coronavirus outbreak Ukraine’s energy sector was facing enormous challenges, with…

Energy Scandal in Ukraine

A huge scandal is brewing in the Ukrainian energy sector. The new acting Minister of Energy Olga Buslavets has proposed to solve all problems of the industry by reducing the operation of nuclear power plants. To this end, an order was issued to the State owned nuclear power producer Energoatom to put a complete stop…

Oligarch Raid on the Electricity Market of Ukraine

The most urgent issue in EU-Ukraine relations today is the protection of Ukraine’s nuclear power industry from a conspiracy of the oligarchs, writes James Wilson.  Energoatom has been starved of a fair share of market revenues for years by the unfair Rotterdam Plus formula to calculate tariff shares for producers, ostensibly to take account of…