SS «Energoatom-Trading» has sold the whole exhibited volume of electricity for UAH 938 million
The latest auction of NNEGC Energoatom was held on March 19, 2021, during which the electricity offered for sale on March 16, 2021 was sold.
As the results of competitive bidding, SS «Energoatom-Trading» sold 1,100,500 MWh of «night» electricity that was 100% of the exhibited volume of electricity to be supplied in the period April 1 - December 31, 2021 at a weighted average price of UAH 851.94/MWh (excluding VAT). The total cost of production sold on the Commodity Exchange «Ukrainian Energy Exchange» is almost UAH 938 million (excluding VAT). The buyers of Energoatom’s electricity were 16 companies.
The auction aroused considerable interest among market participants: buyers' bids nearly doubled the volumes exhibited by the seller. According to preliminary estimates, more potential buyers bid in it as compared to the auction held on March 16, 2021 offering a similar block position.
For the first time since launching a new market, at this auction SS «Energoatom-Trading» sold electricity for a period of 9 months (in prior years the term of contracts with buyers did not exceed six months), actually forming a trend of bilateral contracts in the Ukrainian energy market in compliance with global practice.