Energy Company of Ukraine

Ukrainian former state-owned energy company

This article's factual accuracy may be compromised due to out-of-date information. Please help update this article to reflect recent events or newly available information. (January 2012)

|

Energy Company of Ukraine

English logo

Native name

| АТ «Енергетична компанія України»
Company type| State owned
Industry| Energy
Headquarters|

Kyiv

Ukraine

Area served

| Ukraine
Services| Electricity and natural gas supply, import and export of energy resources, balancing group services, green energy trading, energy security projects
Owner| State of Ukraine
Parent| State Property Fund of Ukraine
Website| www.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

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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

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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

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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

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* Energoatom
* Naftogaz Ukrainy
* List of power stations in Ukraine

## References

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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

## External links

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* Official website
* Zanuda, A. Azarov posts power companies for sale (Азаров виставляє енергокомпанії на продаж). BBC Ukrainian. April 14, 2011.