Viktoriya Dudchenko: Well developed and competitive market is the key to reliable electricity supply

On July 27, 2023, Green Recovery forum of Ukraine took place: Development of Renewable Energy and Alternative Fuels in the Context of Renewal and Transformation of Ukraine’s Energy Sector was organized by Energy Club. During the event, the most important issues and challenges related to the development of renewable energy and alternative fuels in the context of the renewal and transformation of Ukraine’s energy sector were discussed.

One of the forum participants was Viktoriya Dudchenko, Head of Legal Department at the Ukrainian Energy Exchange (UEEX), who took part in the panel discussion "Potential and Real Prospects for the Development of Renewable Energy in Ukraine". She spoke in detail about the trade prospects in the renewable energy market in Ukraine.

She noted that a stable, developed and competitive market is the key to the reliable operation of the Ukrainian Energy Exchange as a platform of electricity trading, including renewable energy sources.

In the European market, producers under the green tariff operate on the free market, but to hedge the risks associated with the specifics of electricity production from renewable energy sources, they use special types of market instruments. We also have successful examples of exchange trading in electricity generated from renewable energy sources. For example, in May 2023, TILIGULSKA WIND ELECTRIC PLANT LIMITED LIABILITY COMPANY (TILIGULSKA WEP LLC) started selling electricity at the UEEX and during this time was able to sell about 40 thousand MWh of baseload electricity," says Viktoriya Dudchenko.

She also expressed an opinion on the prospects of the market for guarantees of origin in the context of the possibility of trading in guarantees of origin and their derivative actions related to the issuance, origin and redemption of these guarantees. It is noted that the market of guarantees of origin can become a very promising area for organized exchange trading.

Concluding her speech, she emphasized the openness of the Ukrainian Energy Exchange to constructive dialogue and called for fruitful cooperation: "We are pleased to invite you to participate in our trades and look forward to fruitful cooperation in the future."