Market Operator offers to conduct auctions for the sale of electricity under bilateral agreements

SE Market Operator sent to the Cabinet of Ministers of Ukraine, which is a shareholder of the enterprise, a development strategy until 2024 and proposed to consider the issue of holding an auction for the purchase and sale of electric energy under bilateral agreements.

“Considering the Government’s program of activities in terms of increasing the share of exchange energy trade in the country to 50% by 2025, SE Market Operator offers the Cabinet of Ministers of Ukraine to consider the issue of holding auctions for the purchase and sale of electricity under bilateral agreements”, the statement said.

The company notes that it is a common practice in Europe when all electricity trading is conducted on one platform.

In the medium term, Market Operator provides for trade synchronization with the work of the European energy market, the unification of electricity trading platforms and the creation of an administrator for monitoring the energy market at the national level.

Market operator is responsible for organizing the purchase and sale of electric energy on the “day-ahead” market and the “intraday” market, helping to ensure a balance between supply and demand.

Earlier it was reported that SE Market Operator is ready for “trade synchronization” with the EU energy system.

Tags: The Cabinet of Ministers, contracts, NPP, legislation, electricity, NEURC, EU, energy market, ETL, electricity market, Market operator

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