The Antimonopoly Committee of Ukraine did not detect abuse of the market position of DTEK Group.

The Antimonopoly Committee of Ukraine did not detect abuse of the market position of DTEK Group.

DTEK28 December 2018

As a result of a three-year investigation, the Antimonopoly Committee of Ukraine did not detect abuse of the market position of DTEK Group.

The AMCU report fixed the following explanations, removing any speculation on the topic of the market share abuse:

1. In 2015-2017, the share of DTEK in the generation of electricity did not exceed 26%.

2. In the current market design, the volume of electricity is set by the Ministry of Energy and Coal Industry, dispatching is carried out by the state-owned enterprise "Ukrenergo", the SE Energorynok acts as the single buyer, and prices are set by the NEURC.

"The market power of DTEK Group Companies (like any other market participant in the generation of electricity) in the current wholesale electricity market model cannot be realized due to existing administrative constraints," the AMCU report notes.

The company welcomes the objectivity of the investigation, the transparency of the dialogue of all participants, the depth of engagement of Ukrainian and international experts, and a wide public discussion that accompanied the process.

DTEK CEO, Maxim Timchenko: "DTEK Group is always strictly abiding by Ukrainian and international legislation, which is once again confirmed in the report of the Antimonopoly Committee of Ukraine. The company remains the largest domestic investor in the country's economy. We believe in the speedy completion of the reform of the energy sector in accordance with European rules and norms, which will give a new impetus to the economic development of Ukraine."

Reference

DTEK is a strategic holding company that develops business in the energy sector. DTEK’s companies employ 73 thousand people. Maxim Timchenko is the Chief Executive Officer of DTEK.
DTEK companies produce coal and natural gas, generate electric power at the fossil-fuel fired power plants and renewable energy power plants, supply thermal and electric power to end consumers, and provide energy services. The operating companies directly manage production companies in each of the business streams.
DTEK’s production indicators for 2017: the company has produced 27.7 mn tonnes of coal, 1.655 bcm of natural gas, generated (supplied) 37.1 bn kWh of electric power, of which 637.8 mn kWh have been provided by the renewable energy sources; and transmitted 43.2 bn kWh of electric power via the grid.
DTEK is a part of the financial and industrial group System Capital Management (SCM). The shareholder of the group is Rinat Akhmetov.
For more information, visit: https://dtek.com/en/
To learn about social partnership projects being implemented in the cities of DTEK activity, and to get a detailed report on the status of their implementation, please visit https://dtek.com/en/sustainable_development/

Corporate Communications Department
DTEK
Tel.: +38 (044) 581 45 35
+38 (044) 581 45 70
E-mail: pr@dtek.com
www.dtek.com