Day-Ahead Electricity in the Integrated Power System of Ukraine fell to the historical minimum, 919.8 UAH/MWh

The weighted average price in the day-ahead market in the Integrated Power System of Ukraine after the close of bidding on November 14 fell to the minimum value since the new electricity market was launched on. It slashed to 919.8 UAH/MWh.

The bidding results were published on the website of Market Operator SE.

During the bidding, the supply (189.5 million kWh) was 71% higher than the demand (110.5 million kWh).

According to one of electricity traders, the price drops in the domestic electricity market were caused by were the following factors: falling world prices for coal, and, as a consequence, lowering production costs in thermal generation; shutdown of some big enterprises as large industrial consumers of electricity, and a general fall in demand for electricity by other businesses; putting back into operation the nuclear power units after their repairs , and thus an increasing supply of electricity by Energoatom into the market, even under current systemic dispatch curtailments into the national grid.

These factors lead to a significant surplus of electricity offered in the market.

As ExPro reported, the auction of November 9 ended with the lowest average price for the day-ahead electricity in the Integrated Power System of Ukraine at 1229.09 UAH/MWh.

14:03 / 14 November, 2019

Upcoming events
08:00 / 26 September, 2019
ODESA OFFSHORE CONFERENCE-2019 Ukraine has every chance to resume the work of the most promising oil and gas region, the Southern oil&gas fields. The untapped deposits of oil and gas are located both onshore and subsea. Four companies have already poised to conclude Production Sharing Agreements with Ukraine, whilst bidding for the Dolphin oil&gas fields on Black Sea shelf. The Odesa Offshore Conference (OOC2019) will serve as a venue for Ukrainian and international bidders to meet with local and international drilling, oilfield service and equipment manufacturers to kick-off emerging subsea and onshore projects in Ukraine.
12:00 / 13 June, 2019
08:00 / 23 May, 2019
Carpathian Oil&Gas Conference-2019 The development of oil&gas industry, introduction and implementation of new E&P technologies, stimulation, workovers &recovery of oil&gas wells will be among upstream focal points of the FIRST DAY of COGC2019 - 23 May. The SECOND DAY of Conference will be devoted to midstream, downstream, and trade in hydrocarbons, to spotlight the nowadays dynamics and robust changes in the Ukrainian oil&gas market. The Ukrainian Gas Market day of 24 May 2019 will become a marketplace venue for natural gas traders and natural gas transmission & distribution companies to meet and discuss prospective deals in the UAH 200 billion natural gas market of Ukraine.
Carpathian Oil&Gas Conference-2019
All events