DTEK participated in the first power trading session on the new Day Ahead Market. The closing price of UAH 1.569 per kWh was 12% lower than the prices DTEK sold its power during the 1H/ 2019.

DTEK participated in the first power trading session on the new Day Ahead Market. The closing price of UAH 1.569 per kWh was 12% lower than the prices DTEK sold its power during the 1H/ 2019.

DTEK01 July 2019

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.

Reference

DTEK is a strategic holding company that develops business in the energy sector. DTEK’s companies employ 73 thousand people. Maxim Timchenko is the Chief Executive Officer of DTEK.
DTEK companies produce coal and natural gas, generate electric power at the fossil-fuel fired power plants and renewable energy power plants, supply thermal and electric power to end consumers, and provide energy services. The operating companies directly manage production companies in each of the business streams.
DTEK’s production indicators for 2017: the company has produced 27.7 mn tonnes of coal, 1.655 bcm of natural gas, generated (supplied) 37.1 bn kWh of electric power, of which 637.8 mn kWh have been provided by the renewable energy sources; and transmitted 43.2 bn kWh of electric power via the grid.
DTEK is a part of the financial and industrial group System Capital Management (SCM). The shareholder of the group is Rinat Akhmetov.
For more information, visit: https://dtek.com/en/
To learn about social partnership projects being implemented in the cities of DTEK activity, and to get a detailed report on the status of their implementation, please visit https://dtek.com/en/sustainable_development/

Corporate Communications Department
DTEK
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