Energocom signs contract for purchase of 30% of necessary electricity

The joint stock company Energocom has signed a contract for the purchase of 30% of the necessary amount of electrical energy for May, with the Ukrainian company Ukrhidroenergo, in accordance with the ordinance made by the Commission for Exceptional Situations of April 29. The Ukrainian operator starts to supply electricity on May 12, IPN reports.

“Under the terms of the contract, at the request of the Ukrainian side, the purchase price for this contract is a commercial secret and cannot be revealed, but I can confirm that this price is lower than the bids submitted at the previous tender contest,” said Vladimir Sadovoi, acting director general of “Energocom”, who is quoted in a press release of the Public Property Agency.

At the end of April, Energocom, based on direct negotiations, signed a contract for the purchase of electricity with the Kuchurgan Power Plant (MGRES) at the price of US$59.5 dollars/MWh. The Plant undertook to supply 70% of the electricity needed in May.

The Commission for Exceptional Situations decreed that Energocom will sign contracts for the purchase of electricity with producers and later with suppliers and distributors. The preliminary data show the rates for end users will not rise at the current average purchase price of electricity. However, the National Agency for Energy Regulation is to analyze the average purchase price so as to determine if the rates need to be adjusted.

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