The Ukrainian Energy Exchange has begun publishing the Quarterly Base Load Electricity Price Index

The Ukrainian Energy Exchange has presented the BCM price index to the market, which reflects the price of base load electricity in the IPS of Ukraine for the next quarter (Q+1). The index value is formed during the previous settlement quarter based on the weighted average prices of electricity of the base load for the supply period, covering the full calendar quarter Q+1.

On the UEEX website, you can view information on the value of the Quarterly Base Load Index from the fourth quarter of 2021. Thus, for the first quarter of 2022, the index value was fixed at UAH 2,330.2/MWh (excl. VAT). The exchange publishes the current value of the index for the next quarter, updated based on the results of trading days of the previous quarter. The final value of the index is formed based on the results of the last trading day of the calendar quarter preceding the settlement one.

“Wholesale electricity prices are determined by a large number of factors. Quarterly changes are most often driven by shifts in the balance of supply and demand. Thus, the quarterly index can be a useful tool for tracking changes and determining general trends,” - commented on the launch of the index, Oleksandr Kovalenko, CEO of UEEX LLC.