137:
The object of criticism and media attacks was the DTEK holding, the largest coal producer and operator the majority of thermal power plants. TV channels controlled by
Kolomoisky and Pinchuk accused DTEK of receiving super-profits. Since the owner of 100% of DTEK shares is entrepreneur Rinat Akhmetov,
133:
In March 2018, a public organization controlled by Gerus, the
Association of Energy and Utilities Consumers, launched the Rotterdam Plus online meter to calculate the amount of overpayments by consumers for electricity expected by it. Despite the cancellation of the "Rotterdam +" formula from July 1,
109:
The “Rotterdam +” formula did not assume that coal would be physically purchased in
Rotterdam and transported to the Ukrainian port “Pivdenny” (Odessa region). The APІ2 index was used as an indicative of the European market, and the logistics costs according to the formula were to cover the costs of
84:
The new methodology to forecast wholesale market price of electricity calculating with the market determination of coal price was supposed to ensure the independence of thermal power plants from coal supplies from the ATO zone and deprive
Ukraine from problems with the accumulation sufficient amount
97:
The formula for determining the price consisted of the average price indices for thermal coal in the ports of northwestern Europe (Amsterdam-Rotterdam-Antwerp) for the 12 months preceding the calculation of the FWP, plus logistics costs for the delivery of coal to
Ukrainian thermal power plants.
113:
This approach was justified by the
European Coal and Lignite Association (EURACOAL) calculations . According to the Association, the cost of delivering coal from South Africa, the United States and Colombia to Ukraine were higher than from these countries in the ARA region.
105:
The logistic costs were based on the average freight rate for the delivery coal from the ARA region to
Ukrainian ports, the cost of transshipment in the port (unloading the vessel) and the average railway tariff for shipping coal from the port to the thermal power plants.
198:
On
January 21, 2021, the National Anti-Corruption Bureau announced the re-closure of the "Rotterdam+" case. Soon this information was confirmed by the Specialized Anti-Corruption Prosecutor's Office. This decision was overturned by a higher-level prosecutor and a court.
126:
In 2017, they established the
Electricity and Utilities Consumers Association. Officially, the members of the association did not open up. According to the former head of the association, Andriy Gerus, large electricity consumers have joined the association
146:
A year after the adoption of the formula, the
National Anti-Corruption Bureau, under pressure from a media campaign, opened criminal proceedings against members of the National Commission for Regulation of Energy and Utilities, who adopted the methodology.
29:
The formula was adopted on March 3, 2016, by Ukrainian national energy regulator, National Commission for Regulation of Energy and Utilities and automatically became invalid from July 1, 2019, due to the entry into force of the law "On electricity market.”
93:
According to the methodology, the National Commission for Regulation of Energy and Utilities calculated the forecasted wholesale price for electricity in such a way that the tariff for electricity produced by the thermal power plants would cover its cost.
206:
On May 5, 2021, the Attorney General's Office replaced the procedural leader in the "Rotterdam+" case. The new prosecutor on May 20, after studying 100 volumes of the case and 350 GB of video materials, interrogations, decided to close the case.
175:
According to the former head of the NERC and a member of the NERC, Alexander Rogozin, the "Rotterdam+" formula in 2016 was the best possible option for calculation coal price in the transition period before opening of electricity market.
122:
The main opponents of the formula for determining the market price of coal were large energy-intensive enterprises - mainly ferroalloy and electrometallurgical enterprises, which belong to oligarchs Igor Kolomoisky and Viktor Pinchuk.
202:
On April 10, 2021, the head of the Rotterdam plus prosecutors' group, Vitaliy Ponomarenko, closed the case for the third time. The National Anti-Corruption Bureau announced immediately that it would appeal this decision again.
38:
In media new methodology was named "Rotterdam plus". In this verbal construction “Rotterdam” means coal index price, and "plus" means logistic costs for delivering coal from port of Rotterdam to Ukraine's thermal power plants.
55:
regions, Ukraine lost control of 88 coal mines, which was 60% of the total number of mines in the country. Coal production in 2015 decreased by 38.8% (by 25.2 million tons) compared to 2014 - to 39.8 million tons.
101:
The APІ2 index had been adjusted according to calorific value of Ukrainian coal, which was indicated in the predicted fuel structure for thermal power plants. This document was approved by the Ministry of Energy.
802:
172:
The introduction of "Rotterdam+" methodology for determining the coal market price was a transitional stage before the introduction of a full-fledged electricity market in Ukraine from July 1, 2019.
179:
According to economists, the formula provided the formation of steam coal prices with the principle of import parity, which was agreed with international financial institutions, including the IMF.
130:
Andriy Gerus has become a key figure in the anti-formula media campaign. Media support was provided by Ihor Kolomoisky's 1 + 1 Media TV channel, as well as by Viktor Pinchuk's ICTV and STB.
630:
26:, based on import parity principle, which was used to forecast the wholesale market price of electricity. The formula was in application in Ukraine from May 2016 to June 2019.
451:
153:
In the course of 3.5 years, 10 Ukrainian and 4 international examinations were carried out, which, according to the lawyers, did not reveal any harm or loss from the formula.
77:
The current tariff for electricity supply by thermal power plants did not cover the cost of purchasing imported coal. The coal price in that time was manually set by the
477:
707:
164:
On September 24, the legality of closing a case was confirmed by the Supreme Anti-Corruption Court. Ad on September 29 - by the Office of the General Prosecutor.
681:
74:, Ukraine imported 14.6 million tons of coal worth $ 1.63 billion. Of these, 1.07 million tons of anthracite coal was imported at 99.6 million US dollars.
161:
The investigation lasted 3.5 years and was closed on August 27, 2020, due to the lack of evidence of the suspects' guilt and crimes in their actions.
828:
71:
803:"Антимонопольний комітет України - АМКУ завершив справу за ознаками порушення НКРЕКП законодавства про захист економічної конкуренції"
63:(hard coal) grades before the heating season of 2014–2015. Thus, in the fall of 2014, anthracite was imported for the first time from
307:
282:
759:
134:
2019, the counter continues to count losses to the present. As of early August 2020, he calculated losses at over ₴67 billion.
190:
The Antimonopoly Committee officially established that the "Rotterdam+" formula did not harm electricity consumers in Ukraine
956:
941:
936:
951:
187:
On December 18, 2020, the Antimonopoly Committee of Ukraine closed its own investigation about the "Rotterdam+" formula.
733:
78:
946:
228:"Resolution on approval of the Procedure for formation of the forecasted wholesale market price of electricity"
255:
150:
During the investigation, NACB conducted several searches, including with the equipment seizure from NEURC.
408:
554:
631:"Международные и украинские государственные экспертизы подтвердили обоснованность "Роттердам+" — адвокат"
110:
delivering coal from producing countries - South Africa, Colombia, the US and Australia - to Ukraine.
359:"Ukrainian private companies intend to import 4 mln tonnes of coal from Russia by late 2014 – Prodan"
23:
260:
New Eastern Europe - A bimonthly news magazine dedicated to Central and Eastern European affairs
426:"Дмитро Вовк: раніше всі були фахівцями з політики і футболу, а останнім часом — з RAB-тарифів"
865:
425:
682:""Даже не вдавалась в суть". Венедиктова оставила закрытым дело "Роттердам+" – Слово и дело"
478:"Война против ДТЭК, звонок Коломойского и дорогой зеленый тариф. Интервью с Андреем Герусом"
227:
503:
241:
904:
409:"Report on the results of comprehensive research of electricity and thermal coal markets"
878:
776:
656:
452:"Формула "Роттердам плюс" була обґрунтована для українського ринку вугілля, - EURACOAL"
333:
657:"SAPO's decision to close Rotterdam + case confirms legality of this principle – DTEK"
358:
930:
861:
604:
64:
829:"Prosecutor closes high-profile Rotterdam+ investigation, again - Jan. 21, 2021"
862:
The same prosecutor closed the case of "Rotterdam +" - NABU for the third time
60:
734:""Роттердам+" був кращим варіантом для визначення прогнозної ОРЦ, - Рогозін"
708:"Введение формулы "Роттердам+" сравняло цену украинского угля с импортным"
579:
529:"Головна сторінка · Асоціація споживачів енергетики та комунальних послуг"
52:
48:
879:"Венедиктова сменила прокурора, который трижды закрывал "Роттердам +""
22:
is a methodology (formula) for determining the steam coal's price for
182:
183:
Antimonopoly Committee's conclusions about the "Rotterdam+" formula
777:"AMCU closes Rotterdam + case without establishing violations"
383:
905:"Новый прокурор САП четвертый раз закрыл дело "Роттердам +""
528:
283:"Ukraine's Illegal coal mines: dirty, dangerous, deadly"
533:Асоціація споживачів енергетики та комунальних послуг
854:
852:
850:
256:"Rotterdam Plus: Where has the investigation gone?"
420:
418:
334:"Ukraine cuts coal production by 38.8% in 2015"
118:Critics and media-campaign against “Rotterdam+”
8:
504:"What's Wrong With the 'Rotterdam Formula'?"
47:Due to the hostilities in certain areas of
308:"Из 93 шахт на Донбассе работают всего 24"
242:"Law of Ukraine on the electricity market"
216:
85:of coal in front the heating season.
7:
384:"Державна служба статистики України"
222:
220:
194:Re-closure of criminal investigation
138:criticism was also directed at him.
79:Ministry of Energy and Coal Industry
555:"SAPO closed the Rotterdam case +"
14:
20:"Rotterdam plus" or "Rotterdam+"
605:"НАБУ провело обыски в НКРЭКУ"
16:Steam coal pricing methodology
1:
688:(in Russian). 15 October 2020
484:(in Russian). 13 October 2020
157:Termination of investigation
59:Ukraine faced a shortage of
973:
70:In 2015, according to the
43:History and prerequisites
72:State Statistics Service
168:The meaning and impact
142:Criminal investigation
957:Corruption in Ukraine
942:Electricity economics
937:Pricing controversies
712:economics.segodnya.ua
456:economics.segodnya.ua
952:Corruption in Europe
909:Экономическая правда
24:thermal power plants
760:"Offering Circular"
388:www.ukrstat.gov.ua
883:Украинская правда
866:Ukrayinska Pravda
835:. 21 January 2021
609:Интерфакс-Украина
508:Ukrayinska Pravda
430:Економічна правда
89:General principle
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913:. Retrieved
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813:22 December
807:amcu.gov.ua
786:22 December
738:РБК-Украина
584:nabu.gov.ua
580:"Rotterdam"
931:Categories
839:24 January
744:22 October
718:22 October
692:22 October
666:22 October
641:22 October
635:glavcom.ua
615:22 October
589:22 October
564:22 October
539:22 October
513:22 October
488:22 October
462:22 October
436:22 October
393:22 October
368:22 October
343:22 October
318:22 October
292:22 October
266:22 October
211:References
61:anthracite
801:Kitsoft.
34:Etymology
559:dtek.com
281:OCCRP.
53:Luhansk
49:Donetsk
915:21 May
889:21 May
763:(PDF)
917:2021
891:2021
841:2021
815:2020
788:2020
746:2020
720:2020
694:2020
686:LIGA
668:2020
643:2020
617:2020
591:2020
566:2020
541:2020
515:2020
490:2020
482:LIGA
464:2020
438:2020
395:2020
370:2020
345:2020
320:2020
294:2020
268:2020
51:and
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