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Ending a 23-year monopoly on power sales to state-owned

Tuesday, July 2, 2019
Ending a 23-year monopoly on power sales to state-owned

Ending a 23-year monopoly on power sales to state-owned Energorynok, Ukraine’s new electricity market launched Monday, with 192 buyers and sellers taking part in an electronic auction. The market debut marks the end of the controversial, 3-year-old ‘Rotterdam +’ formula for pricing coal. After the first trading session on the Day Ahead Market, DTEK, the thermal power plant owner, reports the price for its electricity fell to UAH 1.569 per kWh, 12% below the average for the first half of this year.

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Ukrzaliznytsia has placed a 5-year $500 million Eurobond at 8.25% per annum, the lowest level in the company’s history.

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