Abbreviations and acronyms

ACER

EU Agency for the Co-operation of Energy Regulators

AMCU

Antimonopoly Committee of Ukraine

BAM

Bilateral agreement market

BEI

Burshtyn Energy Island

BM

Balancing market

CHP

Combined heat and power

CMU

Cabinet of Ministers of Ukraine

DAM

Day-ahead market

DSO

Distribution system operator

EML

Electricity Market Law

ENTSO-E

European Network of Transmission System Operators for Electricity

EU

European Union

FiT

Feed-in tariff (also referred to as “green” tariff)

GB

Guaranteed Buyer

GWh

Gigawatt-hour

HHI

Herfindahl-Hirschman Index

IDM

Intraday market

IPS

Integrated power system

MO

Market Operator

MWh

Megawatt-hour

NERC

National Energy Regulatory Commission (predecessor of NEURC)

NEURC

National Energy and Utilities Regulatory Commission

NPP

Nuclear power plant

NRA

National regulatory authorities

PSI

Pivotal Supplier Index

PSO

Public service obligation

REMIT

Regulation on Wholesale Energy Market Integrity and Transparency

RSI

Residual Supply Index

RES

Renewable energy sources

TSO

Transmission system operator

TWh

Terawatt-hour

UAH

Ukrainian Hryvnia

UEEX

Ukrainian Energy Exchange

USD

United States Dollars

USS

Universal service supplier

VoLL

Value of lost load

WACC

Weighted average cost of capital