Business news from Ukraine

MARKET OPERATOR: 47% OF ELECTRICITY SOLD ON SPOT MARKET IN MAY GENERATED FROM HYDROPOWER

Some 47.38% of electricity sold on the day ahead market (DAM) and intraday market (IDM) in May was produced from hydropower, and 20.34% from nuclear fuel, according to a report by JSC Market Operator on environmental aspects for May 2022.
“The share of electricity sold on DAM and IDM, produced from solar energy, amounted to 17.24% in May, from coal – 5.66%, from natural gas – 4.32%, from wind energy – 1.61%, from biogas – 0.99%, from biomass – 0.25%, and from fuel oil – 0.18%,” the report says.
According to the published data, in May, 1.63% of electricity was sold on the spot market, the source of which is not determined, and the origin of another 0.4% of electricity is unknown due to the failure of some market participants to provide relevant information, the company noted.
As follows from the report, in total, in May 2022, 31.5% less electricity was sold on DAM and IDM compared to April – 528,284 MWh versus 770,883 MWh, respectively, in 56.5% less than in March (1.243 million MWh), 88.5% less than in February (4.607 million MWh) and 89.3% less than in January 2022 (4.924 million MWh).
According to Market Operator, out of the total volume of electricity generated in January-May this year, 32.35% was produced from nuclear fuel, 26.58% – from coal, 14.33% – from hydropower, 7.72% – from natural gas, 4.74% – from wind energy, 3.74% – from solar energy, 2.06% – from fuel oil, 0.55% – from biogas, and 0.33% – from biomass.

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