On July 1, 2019 Ukraine has launched new liberalized power market. DTEK participated in the first power trading session on the Day Ahead Market. The closing price for the first trading session dropped to UAH 1.569 per kWh which represents a 12% decline in comparison to the 1H/2019 levels.
State Enterprise "Market Operator" has held the first competitive trading on the Day Ahead Market (DAM) – the main exchange segment of the new market, where electricity is sold on a daily basis. DAM is the main price reference for the market participants except for the household consumers where tariffs are regulated under the PSO provisions of the Law.
The first day volume of 150.9 million kWh was sold on the DAM platform at an average price of UAH 1.594 per kWh. The closing price of DTEK’s TPPs on the DAM was UAH 1.569 per kWh. Tariffs for households remain unchanged. Ukraine’s household tariffs are among the lowest in Europe.
DTEK welcomes the launch of the new liberalized power market model. It is similar to the European power markets. It will create a transparent environment conducive to competition, liquidity and capital investments to the Ukrainian power sector. The launch of a competitive electricity market is one of Ukraine’s obligations to the European Union and is required by the Third Energy Package of the EU.