On December 5, the Ukrainian Energy Exchange held an auction for the first time in the format of commercial sections for the electricity purchase and sale. The Exchange recently reported the peculiarities of the holding.

At the auction SE "Guaranteed Buyer" carried out the purchase of electricity on the Burshtyn Energy Island. In particular, the company purchased 8 064 MWh of base load electric power at a total cost of 12 805 128 UAH. The period of sold electricity offtake will last from 09.12.2019 to 15.12.2019. The weighted average price which was formed during the auction, was 1 587.94 UAH /MWh, excluding VAT.

Oleksandr Kovalenko, UEEX CEO, commenting on the auction, said: "As expected, such auctions format receives great interest from market participants. During the auction there was a high level of competition and we expect that in the future the number of participants will only grow. Such auctions will become a centralization place of electricity trade under bilateral contracts, because they give many advantages to the market."

Advantages of commercial auctions are a wider range of opportunities and tools that the UEEX provides to exchange market participants today. Follow next announcements on our website in the Electrical Power Direction and subscribe to the telegram channel t.me/ueex_electric_energy