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  • ELECTRICITY MARKET PARTICIPANTS NOT OBLIGED TO PROVIDE FINANCIAL GUARANTEES UNTIL JULY 11

    NEURC supported Ukrenergo’s proposal for zero-level financial obligations for market participants that are balance responsible parties (BRP) during the first 10 calendar days of July.

    This means that upon launching the market on July 1, 2019, until July 11, 2019, BRP will be able to transact without financial guarantees. The decision is due to the lack of necessary statistical data used to calculate the amount of a financial guarantee required. At the same time, calculation of the maximum sales volumes at the DAM/IDM of each market participant will be carried out in accordance with the provisions of Section II of the Market Rules, based on the size of the existing financial guarantee.

    While accumulating the actual metering data, Ukrenergo will rely on the existing procedure for calculating the required financial guarantee for market participants.

    After July 11, financial guarantees will be calculated and provided in accordance with the current Market rules.

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