Serhii Kravchuk, Director of Electricity Trading and Supply in KNESS, has been elected as a Renewables Committee Co-Chair in the American Chamber of Commerce in Ukraine

The Committee’s goal is to promote transparency and stability in the renewable energy market by creating favorable, equal conditions for running a business and attracting investments from international and national companies.

“Implementation of the European energy legislation practices is carried out taking into account local peculiarities, which requires additional coordination not only at the level of lawmakers and the regulator, but also industry representatives. Based on this, I am planning to work on issues related to the operation of renewable energy producers selling electricity on market conditions and under the market premium mechanism, namely the order of involving RES producers in the dispatching process, the question of accruing a market premium for the amount of electricity output restrictions, aggregation of renewable energy sources with energy storage facilities of active consumers, further practical implementation of guarantees of origin in the electricity market, and establishment of a legislative and regulatory framework for corporate PPAs. It is necessary to highlight the task of further alignment of the Ukrainian and European legislative framework in terms of requirements for energy storage facilities in the process of providing ancillary and balancing services” — mentioned Serhii Kravchuk.

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The American Chamber of Commerce in Ukraine is an internationally oriented non-governmental business community that brings together leading experts in various industries from over 600 member companies. The organization is a part of the U.S. Chamber of Commerce and the global network of the European Council of American Chambers of Commerce.