On August 20, at an auction for the sale of electricity, Ukrhydroenergo PJSC sold the entire starting volume of electricity, namely 132 600 MWh in the trade zone of the IPS of Ukraine.
Two items were put up for the auction: 99 thousand MWh of peak load with a delivery period from 1 to 30 September and 66.6 thousand MWh according the schedule of peak realization on the non-working day with delivery from 5 to 27 September.
The weighted average price of the peak load, which was formed as a result of trades, is UAH 1239 / MWh, which is UAH 361/ MWh lower than starting price. The weighted average price of the peak load of the weekend decreased by UAH 399 / MWh and is UAH 1151 / MWh.
The total cost of sold electricity is UAH 161.33 million. The realization by PJSC Ukrhydroenergo of a part of the generation volume at UEEX helps to raise funds for state-owned companies.
"Summing up the results of the auction, we can note the growth of participants’ activity on the Ukrainian energy exchange. Only a high level of competition is able to ensure the most fair prices, which is an indicator of confidence in the process of electronic auctions and the exchange as a whole, " - commented Oleksandr Kovalenko, CEO of UEEX.