Further steps to support Moldova - Ukraine electricity market integration under EU4Energy

On 17 June 2022, the national regulatory authorities of Moldova and Ukraine (ANRE and NEURC), transmission system operators (Moldelectrica and Ukrenergo), EU Delegation to Moldova, the Support Group to Ukraine and Energy Community Secretariat experts came together to discuss how to advance electricity market integration between the two countries, focussing on the process of unintentional deviations settlement^[1].

On 1 June 2022, Ukrenergo joined the centralised mechanism for the financial settlement of unintentional deviations (FSkar) applied in the Continental Europe synchronous area for both the Ukrainian and Moldovan systems, following the emergency synchronisation of the systems on 16 March 2022.

Subsequently, Ukrenergo and Moldelectrica signed a bilateral agreement that mirrors the FSkar principles and ensures that rights and responsibilities are adequately distributed between both systems.

During the meeting, both transmission system operators shared their views and expectations from the newly implemented mechanism based on preliminary results from the first weeks of implementation, discussed potential risks for Moldelectrica and Ukrenergo and possible mitigation measures. The meeting preliminarily identified the potential obstacles and steps needed for the direct participation of Moldelectrica in the centralised ENTSO-E mechanism for the financial settlement of unintentional deviations.

Participants agreed to continue cooperation in order to ensure that further market integration of the two countries’ electricity markets work to the benefit of households and businesses.

The meeting took place in the framework of technical assistance under the EU4Energy Governance Project aimed at supporting electricity market development of Moldova and Ukraine.

^[1] Unintentional deviation means the difference between the actual energy exchange that has taken place in a given time interval and the scheduled power exchange of a control area.

DISCLAIMER

This publication was produced with the financial support of the European Union. Its contents are the sole responsibility of the Energy Community Secretariat and do not necessarily reflect the views of the European Union. 

The EU4Energy Governance Project is co-funded by the European Union and implemented by the Energy Community Secretariat.