Energy Company of Ukraine

Energy Company of Ukraine
Native name
АТ «Енергетична компанія України»
Company typeState owned
IndustryEnergy
Headquarters
Kyiv
,
Ukraine
Area served
Ukraine
ServicesElectricity and natural gas supply, import and export of energy resources, balancing group services, green energy trading, energy security projects
OwnerState of Ukraine
ParentState Property Fund of Ukraine
Websitewww.ecu.gov.ua

JSC Energy Company of Ukraine (ECU) (Ukrainian: АТ "Енергетична компанія України") is a state-owned energy trading company, started its commercial operations in 2022.[1]

The company operates under The State Property Fund of Ukraine.[2]

Operations

Energy Company of Ukraine is the one of the largest importer of electricity from European Union. In March 2024 the company has doubled the volume of its electricity import to compensate the losses of Ukrainian power system caused by shelling of country's power facilities.[1]

ECU is among TOP 3 green energy traders in Ukraine, having contracts with leading renewable energy producers. [3]

The company s the founder of the first state balancing group of electricity market participants.[4]

Corporate governance

In June, 2024, The State Property Fund of Ukraine has announced a competitive selection for the positions of three independent members of ECU’s supervisory board. [5]

Former subsidiaries

Previously the company owned shares in energy production and distribution companies, but during 2000-2014 most of them were sold within the privatization process.[6]

See also

References

  1. ^ a b "Energy security of Ukraine is one of the key priorities of the state". Фонд державного майна України. Retrieved 2024-06-13.
  2. ^ "The State Property Fund of Ukraine has begun forming the supervisory board of JSC "Energy Company of Ukraine"". Фонд державного майна України. Retrieved 2024-07-10.
  3. ^ "EKU WILL HELP WIND POWER PRODUCERS ENTER THE FREE MARKET - News | UWEA". uwea.com.ua. Retrieved 2024-07-10.
  4. ^ "ECU - Press-Releases" (PDF). The Official Website of ECU.
  5. ^ "The State Property Fund of Ukraine has begun forming the supervisory board of JSC "Energy Company of Ukraine"". Фонд державного майна України. Retrieved 2024-07-10.
  6. ^ (in Ukrainian) List of subsidiaries that are part of the Energy Company of Ukraine (official website) Archived 2011-01-19 at the Wayback Machine