Ukraine could resume electricity trade with Romania
This was reported by the agency press service, as seen by Ukrinform.
"At its meeting on July 26, 2023, the NEURC agreed on the procedure for the distribution of revenues from the management of restrictions between operators of the transmission systems of Ukraine and Romania, provided by NEC Ukrenergo. According to the terms of the draft agreement between the operators of the distribution systems of the two countries, it is assumed that the income (before VAT) from the management of restrictions on the border between Ukraine and Romania shall be distributed between NEC Ukrenergo and C.N.T.E.E. Transelectrica S.A. at 50% to 50%," the statement reads.
It is noted that the adopted decision will allow for regulating export-import transactions involving electric energy through the cross-border flow between Ukraine and Romania and will help stabilize the energy system by creating conditions for the import of electricity from Romania in deficit hours of the day and export to Romania in hours where a surplus electrical energy is observed.
As reported, on July 12, 2023, the Regulator agreed on the procedure for the distribution of revenues from restriction management between transmission system operators of Ukraine, NEC Ukrenergo, and Slovakia's SEPS.
Related articles
Interim President Bolojan: Supporting Ukraine Means Ensuring Regional Stability
Interim President Ilie Bolojan emphasized the importance of supporting Ukraine for regional stability ahead of the Special European Council meeting in Brussels.
Bulgarian MP Accuses Peevski of Hiding Behind Euro-Atlantic Facade
Deputy Chair of the Movement for Rights and Freedoms (MRF) and former MP Valentin Tonchev has accused MRF-New Beginning Chairperson Delyan Peevski of wearing a "Euro-Atlantic mask" while acting against those principles.
Europe Ramps Up Military Support for Ukraine as U.S. Pauses Aid
As the United States suspends military aid to Ukraine, European nations are stepping up their efforts, increasing defense spending and strengthening ties with Kyiv.
Zelenskyy Regrets White House Meeting, Calls for Talks with Russia
Ukrainian President Volodymyr Zelenskyy expressed regret over his recent meeting with former U.S. President Donald Trump at the White House, stating it did not go as planned.
Romania Eyes Constanta as Key Logistics Hub for Ukraine's Reconstruction
Transport and Infrastructure Minister Sorin Grindeanu has emphasized the strategic role of Romania's Port of Constanta in Ukraine's post-war reconstruction.
Greece Backs Ukraine’s Future in Europe, Calls for Collective Defense
Greek Foreign Affairs Minister George Gerapetritis emphasized that Europe's future must include Ukraine, with its agreement, in an interview with Fox News.
Greek Prime Minister Reaffirms Support for Ukraine Ahead of EU Summit
Greek Prime Minister Kyriakos Mitsotakis spoke with Ukrainian President Volodymyr Zelensky on Tuesday, updating him on Greece's stance for the upcoming Special European Council meeting and the EU's commitment to a just and lasting peace in Ukraine, according to the Prime Minister's Press Office.
Bulgarian PM Convenes Security Council Amid Geopolitical Tensions
Prime Minister Rosen Zhelyazkov has called a Security Council meeting at the Council of Ministers at 4 p.m. to assess the current geopolitical situation and its impact on national security, the government press service announced Tuesday.
Greece Clarifies Absence from London Meeting on Ukraine
Greek government sources have explained the country's non-participation in the recent London meeting, emphasizing that it was a UK-led initiative rather than part of an international organization.
Turkish FM Highlights Türkiye’s Role in Ukraine Peace Efforts at London Summit
Turkish Foreign Minister Hakan Fidan emphasized Türkiye’s crucial role in a potential Ukraine peace deal following a security summit in London on Sunday.
Most read
Press Releases
Features
Romania's Interim President Pledges Strong EU Collaboration
Romania's interim President, Ilie Bolojan, reaffirmed the country's commitment to close cooperation with the European Parliament during a meeting with EP President Roberta Metsola on Thursday.