The Cabinet of Ministers of Ukraine approved the mechanism of conducting auctions in a form of special sessions

The Cabinet of Ministers of Ukraine approved amendments to Resolution # 499 CMU of June 5 2019 on conducting electronic auctions for the sale of electricity under bilateral agreements. At such auctions, NNEGC “Energoatom” has the right to sell power within 5% of the monthly leave, as well as other market participants that meet the established requirements. Buyers at such auctions may be participants who buy electricity exclusively for their own consumption, the share of electricity in the cost of production of which is not less than 30%.

The day before the working group developed a mechanism governing the sale of electricity at special sessions for the sale of lot packages. The procedure for conducting such auctions determines the sale of electricity in indivisible packages of lots:

  • 100 lots - under long-term bilateral agreements (with a leave period of up to 12 months, but within one year);
  • 50 lots - for medium-term (up to 6 months);
  • 25 lots - for short-term (up to 3 months).

The deadline for such agreements may not exceed December 31, 2020.

The price of electricity at special auctions should not be lower than the weighted average actual price of electricity produced in April-May 2019. The purpose of these changes is to create conditions to ensure the stability of electricity prices