NEURC raises electricity price caps for businesses
Kyiv • UNN
On June 1, the National Energy and Utilities Regulatory Commission (NEURC) set new electricity price caps for enterprises, with prices for different time periods on the day-ahead, intraday and balancing markets.
The National Energy and Utilities Regulatory Commission (NERC) has set new electricity price caps for businesses starting June 1, UNN correspondent reports.
Thus, a resolution was adopted to set price caps on the day-ahead market, the intraday market and the balancing market.
The following prices were approved for the day-ahead and intraday markets:
- maximum marginal prices from 00:00 to 07:00, from 11:00 to 17:00 - 5 600.00 UAH/MWh;
- from 07:00 to 11:00 and from 23:00 to 24:00 - UAH 6,900.00/MWh;
- from 17:00 to 23:00 - UAH 9,000.00/MWh;
- minimum price ceiling - 10.00 UAH/MWh;
In the balancing market:
- maximum price caps from 00:00 to 07:00 - 6 600.00 UAH/MWh;
- from 07:00 to 17:00 and from 23:00 to 24:00 - UAH 8,250.00/MWh;
- from 17:00 to 23:00 - 10,000.00 UAH/MWh;
- minimum price ceiling - 0.01 UAH/MWh.
During the NEURC meeting, it was noted that such a price cap profile, according to the Department's analysis, would make it possible to ensure the maximum amount of imported electricity from neighboring EU countries.
Prior to that, starting from November 30, 2023, the maximum marginal prices for DAM were set at this level:
1) on the day-ahead market (DAM) and the intraday market (IDM):
- maximum price caps from 00:00 to 07:00 and from 23:00 to 24:00 (hours of minimum load) - 3000 UAH/MWh;
- from 07:00 to 08:00 and from 11:00 to 17:00 (medium load hours) - 5600 UAH/MWh;
- from 08:00 to 11:00 (hours of high load) - 6900 UAH/MWh;
- from 17:00 to 23:00 (peak hours) - 7500 UAH/MWh;
- minimum price ceiling - 10 UAH/MWh;
2) in the balancing market: the maximum marginal price is 125% of the DAM price determined by the market operator for each settlement period of the relevant delivery day;
the minimum price ceiling is 0.01 UAH/MWh.