An additional type of sales schedule for electricity trading was introduced at the UEEX

The relevant amendments to the Regulations on the organization and conduct of the electronic auction for the sale of electricity at the CE "Ukrainian Energy Exchange" were agreed on November 6 by the decision of the Auction Committee for the sale of electricity under bilateral contracts. This decision introduced an additional type of sales schedule for electricity sales called HOLIDAYPEAK. The time of day, during which bilateral contracts with the use of HOLIDAYPEAK are to be executed - from 9.00 to 23.00 (9am - 11pm) on holidays, non-working days and weekends (non-working) days.

Introduction of a new type of sales schedule was initiated by PJSC "Ukrhydroenergo". Its necessity is conditioned by the peculiarities of hydroelectric power plants’ operation, the increase in the volume of special duties from 20% to 35% of the electric power produced by the hydroelectric power plants and is released for sale and the need to fulfill the obligations imposed on the company by selling only PEAK-type products at electronic auctions. Thus, the innovation will reduce the degree of distortion of the schedule on working days.

Deploying of an additional type of sales schedule will not only make it easier for the company to perform its special duties to ensure the public interest, but will also help to increase trade volume in the segment of bilateral contracts of other market participants due to a more convenient mechanism of contracts portfolio forming to ensure schedules of consumption.

Auctions for the sale of electricity under bilateral contracts on UEEX are held starting June 27, 2019. During this time, 30 million MWh of electricity were sold. 188 market participants have already been registered to participate in the auctions.