The guaranteed buyer sold electricity from renewable sources at UEEX

Today, October 15, the auction on electricity sale produced from alternative sources was held on Ukrainian Energy Exchange for the second time. SE Guaranteed buyer has sold 19 875 MWh of base load and 17 314 MWh by block positions.

For the auction were presented 11 positions on different sales schedules in trading zone IPS of Ukraine with total amount of 72,6 thousand MWh. Two positions of base load and block positions from 5 a. m. to 24 p. m., from 9 a. m. to 17 p. m., from 9 a. m. to 16 p. m., from 10 a. m. to 16 p. m. and from 10 a. m. to 15 p. m. Delivery time of electricity determined from 21.10.2020 till 31.10.2020.

According to the auction results, the weighted average price of the base load was formed at the level of 1353.34 UAH, and increased by 36.5% from the starting price. For block positions the price growth was from 24.4% to 47.03%. This is the second time this type of auctions has attracted increased attention among market participants. Today their number was 17. The total value of sold electricity was 50.38 million UAH.

Auctions for sale of electricity produced from alternative sources are held only to increase the price, despite this large list of items on different delivery schedules allows to choose the most convenient option. The winners are 11 companies: Le Trading Ukraine, LTC Elektrum, D.Trading, NPC UKRENERGO, Dneprostal-Energo, ONK-GROUP LLC, Ecotechnoinvest, Ug Energy Sales, UKR GAZ RESOURCE, Energy carriers of Ukraine, Kharkovenergosbyt.

"We continue to see high interest in "green" generation auctions. The large number of participants stimulates competition, which results in high liquidity at the exchange and forming the market price. Today, more than 50% of the volume put up has been sold, which is one of the examples of successful implementation of innovations to solve the existing problems in the market," - summed up the auction results CEO of UEEX Oleksandr Kovalenko.

As auctions for the sale of electricity produced from renewable energy can be held only three times a month, the next auction from the State Enterprise Guaranteed Buyer expect a position with a withdraw period in November, so follow the ads of the CE UEEX.

Information on the sale of electricity at an electronic auction on October 5, 2020