Ukraine completes transition to European electricity trading rules

Ukrenergo, Ukraine's national energy company, has conducted the first monthly joint auctions for access to cross-border interconnections with Moldova. Thus, Ukraine has completed its transition to European electricity trading rules. Source: Ukrenergo's press service

Quote: "Ukraine has completed its transition to European electricity trading rules. Ukrenergo hosted joint auctions for access to cross-border interconnections with Moldova. For the first time, the right to provide electricity for a whole month was auctioned," the report said.

The distributed capacity for Ukraine-Moldova (UA-MD) was 463 MW.

Moldova-Ukraine (MD-UA) was 96 megawatts. All available capacity in each direction was divided among four participants. The total number of participants in the UA-MD direction was eight, while the MD-UA direction had nine participants.

Daily auctions with Moldova are scheduled for Thursday, 29 February, with delivery planned for 1 March. The time and volume of the determined capacity will be announced the day before. Ukraine has already begun joint daily auctions with its European neighbours, beginning on 2 November with Romania, 16 January with Poland, and 22 February with Hungary.

The first joint auction with Slovakia is set for 4 March. Background:  The European energy association ENTSO-E decided on 1 March to increase the maximum limit on Ukrainian electricity exports to EU countries to 550 MW per hour.

Support UP or become our patron!