The decision to close the “Rotterdam +” case puts an end to many years of manipulation

The decision to close the “Rotterdam +” case puts an end to many years of manipulation

28.08.2020

The decision of the Specialized Anti-Corruption Prosecutor's Office (SAPO) to close criminal proceedings in relation to the National Energy and Utilities Regulatory Commission (NEURC) Decree “On Approval of the Procedure for Forming the Forecast Wholesale Market Price of Electricity”, known as the “Rotterdam +” case, confirmed the legality of the application of the import parity principle and the groundlessness of previously raised suspicions.

This decision once again confirmed that the procedure for forming the forecast electricity price in 2016 determined transparent rules for working on the Wholesale Electricity Market, which had not been applied before.

Throughout the entire period of the investigation, DTEK provided the National Anticorruption Bureau (NABU) and SAPO with documents and answered dozens of inquiries, contributing to a comprehensive and exhaustive investigation.

The expediency of using the principle of import parity and the compliance of the pricing methodology for thermal coal in Ukraine with the practices of European countries have been confirmed by international research.

The same principle is also reflected in the memorandum signed by Ukraine with the International Monetary Fund to determine the price of natural gas. The company has used this pricing principle for four years when selling coal to both private and public utility companies.

DTEK has always consistently advocated for the introduction of the transparent European pricing mechanisms in Ukraine and the abolishment of manual regulation. The company regrets that NEURC decision to implement such principles has become a tool for political manipulation and long-term persecution of the company.

The company expects the prosecution's decision to close the case to end the unfounded allegations that damage the reputation of the company and its employees.

DTEK is considering the possibility of judicial protection of the reputation of the company and its employees, who were unjustifiably prosecuted in the framework of this criminal proceeding.

This website collects cookie files to improve your browsing experience. By continuing to use our website, you are agreeing to our Privacy Policy.