Verkhovna Rada adopted the Law on the development of energy storage facilities

The Verkhovna Rada adopted in the second reading and as a whole the Law on the Development of Energy Storage Facilities (hereinafter referred to as "ESF"), registration number 5436-d.

The Law provides for:
1. Regulation of a new type of activity in the electricity market - electricity storage.
Licensing of energy storage activities.
2. Energy storage activities are defined as activities related to the extraction of electricity in order to postpone its final use until a later date than when it was produced, its conversion into another type of energy in which it can be stored, storage and further conversion of such energy into electricity for the purpose of its supply to the transmission system, distribution system, power plant network or consumer network.

- Determination of the status of energy storage facilities in the power system and the concept of the ESS Operator.

An EMS operator is an individual, including an individual entrepreneur, or a legal entity, except for pumped storage power plants, that carries out energy storage activities in order to sell electricity supplied from an energy storage facility and/or to provide ancillary services or provide balancing services using an energy storage facility.

Such activities must be carried out by the EMS operator in compliance with the license conditions. The EMS operator must also ensure separate metering of electricity flowing to/from the storage facility and enter into agreements that are mandatory for operating in the electricity market and comply with the terms of these agreements.

Electricity producers under the feed-in tariff will be able to store energy and supply it to the grid without obtaining a license for energy storage activities, if there is a separate meter and the electricity is generated by their own electrical installations. Otherwise, it will be necessary to obtain a license, which will be issued by the National Energy and Utilities Regulatory Commission.

- Defines the right of the transmission system operator and distribution system operators to own, manage and operate energy storage facilities.

The Law prohibits the transmission system operator and distribution system operators from acquiring, owning, managing and operating energy storage facilities, except in cases specified by the Law.

In general, the Law is aimed at encouraging electricity market participants to introduce and develop energy storage technologies, which is especially relevant given the growth of "green" energy capacities, which has led to a significant imbalance in the power system.

Energy storage facilities can optimize electricity generation and provide additional capacity to balance the power system, ensuring its flexibility - to level the load schedule on generation and other electricity infrastructure.

For consumers, energy storage facilities will provide instant frequency regulation in the grid and help improve the quality of electricity supply.

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