Terms and abbreviations you will meet on this website, explained simply.
| Term | Meaning |
|---|---|
| NEURC (НКРЕКП) | National Energy and Utilities Regulatory Commission: issues licences, approves tariffs and market rules. |
| DAM (РДН) | Day-ahead market: trading of electricity for the next day at hourly prices. |
| IDM (ВДР) | Intraday market: adjusting volumes within the day. |
| DSO (ОСР) | Distribution system operator: owns local networks and delivers electricity to consumers. |
| Ukrenergo | National power company and transmission system operator: runs the main grids and dispatching. |
| Transmission tariff | Fee for transporting electricity through the main grids, approved by NEURC. |
| Distribution tariff | Fee for transporting electricity through local networks; differs by DSO and voltage class. |
| Voltage class (1 and 2) | Class 1 — higher voltage (above 27.5 kV), class 2 — lower voltage. |
| EIC code | Unique energy identification code of a metering point or market participant. |
| Imbalance | Deviation of actual consumption from the declared volume; paid under market rules. |
| Price caps | Maximum and minimum prices allowed by the regulator on the DAM, IDM and balancing market. |
| Retail Market Rules (ПРРЕЕ) | The rules governing relations between consumers and suppliers. |
| Automated metering (АСКОЕ) | Automated commercial metering system that collects hourly consumption data remotely. |
| Solar plant (СЕС) | Solar power plant. |
| Energy storage (УЗЕ) | Battery-based energy storage installation. |
| Net billing | Mechanism for active consumers: surplus energy is sold, its value is accounted for in settlements. |
| Gas transmission system (ГТС) | Main gas pipelines operated by the Gas Transmission System Operator of Ukraine. |