Ukrenergo Held First Ancillary Services’ Auctions after Market Rules’ Change

On March 3-4, 2020 TSO NEC Ukrenrgo held its first successful auctions for ancillary services after the newly amended Electricity Market Rules came into force on March 1, as informed by the Director for Market Operations of Ukrenergo Mr. Mykyta Vyshnevskyi.

“Having made changes to Electricity Market Rules coming into force from March 1, we held the auctions today and yesterday. Ukrhydroenergo and one TPP, having passed the tests, took part in the auctions, and their ancillary services are being bought at the present moment [as of March 4 – ed.]”, he said.

According to Mr. Vyshnevskyi, the costs included in TSO’s dispatching tariff for the ancillary services purchase were calculated by the NEURC on minimal basis.

“After the successful launch of the market, one can expect further revisions of the dispatching tariff. According to our preliminary calculations, the budgeted costs will be sufficient for 2.5-3 months even in view of current number of market participants, prices, and price caps in the market of ancillary services,” added top-manager of Ukrenergo.

17:50 / 4 March, 2020

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