NEURC has started a regulatory procedure for price cap revision since November

The NEURC has started the regulatory procedure for revising the limit prices on the wholesale electricity market since November. The Commission approved the corresponding draft resolution at the meeting on October 1.

"With today's decision, we are just starting the procedure of a possible revision of the limit prices, with the aim of further discussion with all market participants", - said the Chairman of the NEURC Yuriy Vlasenko.

As previously reported in ExPro, the Regulator proposes to establish the following limit prices from November:

1) on DAM and IDM: maximum limit prices from 00:00 to 07:00 – UAH 5,600.00/MWh; from 07:00 to 17:00 and from 23:00 to 24:00 - UAH 6,900.00/MWh; from 17:00 to 23:00 - UAH 9,000.00/MWh; minimum limit price – UAH 10.00/MWh;

2) on the balancing market: maximum limit prices from 00:00 to 07:00 – UAH 6,600.00/MWh; from 07:00 to 17:00 and from 23:00 to 24:00 – UAH 8,250.00/MWh; from 17:00 to 23:00 - UAH 10,000.00/MWh; the minimum limit price is UAH 0.01/MWh.