By KYIV. Nov 9 (Interfax-Ukraine) – The National Energy and Utilities Regulatory Commission of Ukraine (NEURC), at a meeting on Thursday, established new price caps for electricity on the day-ahead (DAM) and intraday market (IDM).
According to the adopted document, NEURC agreed to divide the day into four time zones, in which the following price caps for DAM and IDM will apply: for minimum load hours (from 23:00 to 7:00) – UAH 3,000 per MWh; for average load hours (from 7:00 to 8:00, from 11:00 to 17:00 – UAH 5,600 per MWh; for high load hours (from 8:00 to 11:00) – UAH 6,900 per MWh and maximum load (from 17:00 to 23:00) – UAH 7,500 per MWh.
At the same time, the price cap for 22:00-23:00 is set at UAH 7,500 per MWh at the proposal of commission member Valeriy Tarasiuk. It was originally planned that at this hour the price cap would be UAH 5,600 per MWh.
According to Tarasiuk, the commission is moving towards market liberalization, and “lowering price caps is wrong from any point of view,” including not creating economic conditions for energy conservation systems. He said that the price cap level of UAH 5,600 per MWh would be significantly lower than the current one at this hour of UAH 7,200 per MWh.
At the proposal of NEURC Head Kostiantyn Uschapovsky, the commission agreed to introduce new price caps from November 30 to allow the market to prepare. Before this, it was planned to introduce them on November 10.
As reported, currently the price caps for DAM and IDM are determined in three time zones and are the following: for minimum load hours (from 23:00 to 07:00) – UAH 3,000 per MWh, for average load hours from 7: 00 to 19:00 – UAH 5,600 per MWh and for maximum load time (from 19:00 to 23:00) – UAH 7,200 per MWh.
