21:01 25.07.2024

RES generation, NEURC working on advance payments from electricity producers via feed-in-premium

2 min read
RES generation, NEURC working on advance payments from electricity producers via feed-in-premium

Representatives of the renewable energy sector are developing, with the National Commission for State Regulation of Energy and Public Utilities (NEURC), mechanisms that would allow green electricity producers to be paid in the form of feed-in-premium support (market premium) ten-day advance payments, as this is done for producers on a feed-in-tariff, Director of trading and electricity supply at KNESS Group Serhiy Kravchuk said.

"Feed-in-premium producers, unlike feed-in-tariff producers, can receive funds only after the regulator approves the amount of the service (per month). We are now working together with the regulator and other market participants to ensure that feed-in-tariff producers in-premium could also receive ten-day advance payments, which will not be tied to the need to approve the size of the service," Kravchuk said during an online discussion: "Corporate PPA: Mutually beneficial partnership for sustainable business and energy development" from the UN Global Compact in Ukraine jointly with ExPro on Thursday.

At the same time, he said just a few days ago, NEURC for the first time approved the amount of compensation between the market price and the feed-in-tariff producers for feed-in-premium for the first months of 2024 and now these payments are unblocked.

According to him, already about 400 MW of solar power plants and 350 MW of wind power plants operate on feed-in-premium basis.

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