The government changes electricity procurement: Ukrenergo will buy electricity from Energoatom through auctions

Update on the Electricity Procurement Mechanism for NEC 'Ukrenergo'

According to ХВИЛЯ: The Cabinet of Ministers of Ukraine has updated the electricity procurement mechanism for NEC 'Ukrenergo'. From now on, the company will be able to purchase electricity from NAEC 'Energoatom' through special auctions under bilateral contracts. This innovation aims to simplify the procurement process and ensure more efficient use of resources.

Changes have been made to the Procedure for Electronic Auctions, which will allow for more transparent transactions in the electricity market. One of the key features of the new mechanism is the provided discount of 30% off the weighted average market price, which can reduce costs for electricity for NEC 'Ukrenergo'.

Importance of the New Mechanism

The electricity procurement mechanism through auctions will operate during the martial law period, which is an important step in ensuring the energy stability of the country. It is noted that the new mechanism will not require additional funding from the state budget, highlighting its economic viability.

The introduction of the new electricity procurement mechanism aims not only to reduce costs for NEC 'Ukrenergo' but also to increase the overall level of transparency and efficiency in the energy sector of Ukraine. This can be an important step in supporting the energy independence of the country, especially under martial law conditions.

• Simplification of procurement procedures
• Cost reduction
• Positive impact on the stability of energy supply for consumers