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Players of bilateral contract market start selling electricity for 2022

KYIV. Sept 13 (Interfax-Ukraine) – Participants in the market of bilateral contracts have started selling electricity under long-term contracts at the Ukrainian Energy Exchange (UEEX) with delivery in 2022.

According to the website of the exchange on Monday, PJSC Centrenergo sold 218,400 MWh at the auction on Monday, or 99% of the offered 220,200 MWh of base load in the trading zone of the Integrated Power System of Ukraine at a weighted average price of UAH 1,750 per MWh, of which 109,200 MWh were offered with the delivery period from October 1, 2021 to March 31, 2022.

Centrenergo will hold the next auction at UEEX on September 14. For sale, in particular, a similar volume of 109,200 MWh of base load will be again offered for one of four positions at a starting price of UAH 2,200 per MWh with the same delivery period – from October 1, 2021 to March 31, 2022.

"Soon we expect an increase in the activity of market players who will offer the resource for the next year. This will make it possible to form the initial market prices and obtain a long-term benchmark for the players in the electricity market," UEEX CEO Oleksandr Kovalenko said.

As reported, on September 10, UEEX published for the first time the monthly base load electricity price index based on the bilateral contract market, which amounted to UAH 1,738 per MWh (excluding VAT) as of September, and which will become a more stable alternative to day-ahead market price metrics.