NEURC plans to approve a draft resolution on new price caps in the electricity market next week

10/2022

The energy regulator plans to approve a draft resolution on setting price caps on the electricity market next week.

The relevant draft resolution will be considered at the meeting on October 4.

"Based on the results of the analysis of the received proposals, as well as taking into account the statistical information on the level of electricity prices in the organized segments of the market and taking into account the basic consumer price index published on the official website of the State Statistics Service of Ukraine, it was considered appropriate to consider the issue of setting marginal prices on the DAM, IDM and balancing market, differentiated by time periods (for hours of maximum and minimum load)," - the justification for the resolution reads.

The NEURC is proposed to set marginal prices at this level:

On the "day-ahead" market

  • 2 476 UAH/MWh - maximum marginal prices for minimum load hours (from 00:00 to 07:00 and from 23:00 to 24:00)
  • 4,952 UAH/MWh - maximum marginal prices for peak hours (from 07:00 to 23:00)
  • 10.0 UAH/MWh - minimum marginal price.

On the intraday market

  • 2 476 UAH/MWh - maximum marginal prices for minimum load hours (from 00:00 to 07:00 and from 23:00 to 24:00)
  • 4 952 UAH/MWh - maximum marginal prices for peak hours (from 07:00 to 23:00)
  • 102% of the DAM price in the relevant period - the minimum marginal price.

In the balancing market

  • 125% of the DAM price - maximum marginal price
  • 10.0 UAH/MWh - minimum marginal price.

Thus, the upper price caps on the market for DAM/IDRs may increase by 23.8%.

ExPro adds that on October 4, it is planned to approve the relevant draft resolution. Before the adoption of the draft, an open discussion and consultations on the comments and suggestions received should be held.

"Consideration and adoption of a decision at a meeting of the NEURC, which is carried out no earlier than 3 working days from the date of publication of the minutes of the open discussion of the comments and proposals received to the approved draft decision of the NEURC," the Methodology for setting price caps says.

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