NEURC to limit electricity sales within a group of companies
The National Energy and Utilities Regulation Commission (NEURC) adopted a draft resolution "On Amendments to the Market Rules", which plans to oblige generation that is part of a vertically integrated structure or is affiliated with traders/consumers to sell to the latter under bilateral agreements up to 50% of monthly electricity production.
The corresponding decision was made at the NEURC’s weekly meeting on July 23, 2021.
In an interview with Ekonomichna Pravda published on July 21, 2021, the NEURC’s Chairman Valerii Tarasiuk said that the crush of day-ahead electricity prices in early July 2021 was the withdrawal of day-ahead sale nominations by the DTEK group of companies.
According to Tarasiuk, this group has a significant share in the day-ahead electricity member companies inter-sales and inter-purchases within the DTEK group, thereby influencing quotations in the market.
To remedy this situation, Tarasiuk believes that the Law № 3508-d adopted recently would oblige DTEK to sell at least 50% of its electricity generated through open trading on commodity exchanges starting September 1, 2021.