The Cabinet of Ministers approved the procedure for holding auctions to conclude bilateral agreements in the new electricity market

The Cabinet of Ministers adopted a resolution on electronic auctions for the sale of electricity under bilateral agreements with state energy companies, including for the performance of public service obligations (PSO) for the supply of electricity to the population.

According to Volodymyr Groysman, the document has been adopted and will be finalized during the day.

The Minister of Energy and Coal Mining, Ihor Nasalik, explained that the organization of auctions is important for the implementation of the PSO mechanism, which guarantees the constant price of electricity for the population.

The developed document will regulate the rules of operation of three state-owned enterprises – NNEGC Energoatom, OJSC Ukrhydroenergo and OJSC Centrenergo.

Other participants on a voluntary basis will also be able to participate in auctions.

The Ukrainian Energy Exchange will become a temporary platform, for a period of up to three months, for holding auctions.  It was announced by the Minister of Energy and Coal Mining Ihor Nasalik.

The Prime Minister noted that the ProZorro team will quickly develop an additional platform for holding such auctions, and then they will be held there.

Recall, a source in the government reported that the Chairman of the Energy and Utilities the National, Oksana Krivenko, sent a letter to the Cabinet of Ministers and the Ministry of Energy and Coal Mining warning about the possibility of electricity price increase for non-domestic consumers due to the procedure of imposing PSO.

Source: epravda

Tags: The Cabinet of Ministers, contracts, tariffs, NNEGC "Energoatom", electricity, NEURC, The Minystry of Energy and Coal Mining, Groysman, electricity market

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