Today Ukrainian Energy Exchange is the only source of relevant exchange quotes for energy resources in Ukraine.
The Ministry of Economic Development and Trade of Ukraine recommends using our quotes as a price guide for natural gas.
Gas price in the Prozorro in accordance with the formula recommended by the Ministry of Economic Development is calculated using the calculator:
Pay attention! It is recommended to calculate the updated price in the period from one month from the date of the contract in order to avoid distortion of the results.
Video insruction to the calculator.
In accordance with the recommendations of the Ministry of Economic Development and Trade of Ukraine change of the natural gas price in public procurement in an additional agreement is settled using a formula that will take into account market fluctuations.
The Law of Ukraine "On Public Procurement" states that the essential terms of the procurement contract may not be changed after it is signed before the parties fulfil their obligations in full, except for the following cases:
- changes in the state statistics of the consumer price index established in accordance with the legislation;
- changes in foreign currency exchange rate;
- changes in exchange quotes or Platts indicators;
- regulated prices (tariffs) and standards that are applied in the procurement contract
and if a price change procedure is established in the procurement contract.
Please note that the mandatory component of the tender documentation in accordance with paragraph 7 of the second part of Article 22 of the Law of Ukraine "On public procurement" is the draft procurement contract with the obligatory indication of the procedure for changing its conditions.
A customer independently drafts the contract and necessarily includes the procedure for changing the essential terms of such a contract, which may contain only cases provided for in Article 36 of the Law.
The requirement on the procedure for changing the essential conditions can be used to specify cases when the contract is executed by the parties as necessary, for example, documenting the confirmation of changes or circumstances that have occurred; fixing the amount of such changes (if they are expressed in values/percentages) fixing the type of currency, changing exchange quotes to make appropriate calculations and actions of the parties to such a contract in the event of such grounds.
In accordance with the recommendations of the Ministry of Economic Development and Trade of Ukraine, the price guideline for determining gas prices are the prices at the Ukrainian Energy Exchange and quotes of the NCG hub contract Month+1. The formula should be used.
Thus, the change in the natural gas price in public procurement through the ProZorro system will occur within the market level of the natural gas price in the order of changing the gas price using the formula specified in the procurement contract. Accordingly, an additional agreement on the gas price change is to be concluded.
You can follow natural gas price level in Ukraine and Europe on our website.
If you have additional questions, please call +38 (044) 35-35-735 or send a request to info@ueex.com.ua.