Centrenergo will sell 90% of its electricity at the “day-ahead market”

Centrenergo company reports that in September the “day-ahead market” deficits appeared almost at all hours of the day, and at some hours consumers could buy only 30% -40% of their electricity needs, which led to instability and price growth. This was reported by the press service.

“The market share of PJSC Centrenergo among thermal generation companies is less than 20%. However, due to the need to cover deficits in the “day-ahead market”, the company decided that starting from November, 90% of its electricity will be sold at the “day-ahead market”, the statement said.

Thus, Centrenergo informs that no more than 10% of the electricity that will be produced in November will be sold under bilateral contracts.

In July-September, the company increased its monthly electricity production by 31% from 821 million kWh in July to 1076 million kWh in September. In October, it is planned to produce 1400 million kWh, which is 71% more than in July and 30% more than in September.

Recall that earlier the media reported that Centrenergo had purchased coal from Russia for 400 million UAH.

Earlier it was reported that the court firstly had closed the bankruptcy case of Centrenergo, but then had resumed the proceedings.

Tags: The Cabinet of Ministers, contracts, hydrocarbon production, coal mining, tariffs, legislation, electricity, NEURC, The Minystry of Energy and Coal Mining, coal, ETL, electricity market, Centrenergo

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