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

DТЕК is the largest private investor in Ukraine’s energy sector.
DTEK Group produces coal and natural gas, generates electricity at the termal, solar and wind power plants, distributes electricity, supplies electricity to end consumers, provides energy efficient solutions and develops a network of EV charging stations.
In 2018, DTEK’s capital investments totalled UAH 20 bln. besides, the company paid UAH 27 bln of taxes. DTEK employs 80 thousand people. The company is 100% owned by SCM Limited. Ultimate beneficial owner – Rinat Akhmetov.

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DTEK
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