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Ukraine cuts Hungarian electricity export quota

Ukraine has cut nearly all of Hungarian-owned System Consulting's quota for electricity imports from Ukraine to Hungary, business daily Világgazdaság reported, citing a report in local paper Ukrajinskije Novosti.

Ukraine reduced the amount of electricity System Consulting may import from Ukraine to just 5MW a year from 350MW in the interest of breaking the company's monopoly. The state-owned Ukrinterenergo has taken over the export of the electricity, but the company has no cross-border capacity with Hungary.

Ukraine's transmission system operator Ukrenergo has tired to convince its Hungarian counterpart Mavir to free up some cross-border capacity, but to no avail.

The matter is being taken to Brussels. (MTI – Econews)