currently, thermal generation has substantial losses due to the fact that the market price is at the level of variable costs (fuel production), and when unloading thermal power plant, these losses can become catastrophic because of neocryte increasing by reducing the production of specific semi-fixed costs. This is stated in the statement of PJSC "Donbasenergo" published on the company's official website on Monday, February 17.
"the Main asset of the company Slavyanskaya TPP – currently not able to buy coal and to meet the current repair program, which jeopardizes the ability to support in working order maneuvering equipment for effective coverage of seasonal peaks in the IPS of Ukraine", - stated in the document.
According to Donbasenergo, unfair participants of the market apply for sale with deliberately inflated the amount of electricity in the market "for days forward" (RSV) that are not supported by the actual volume of purchases or the working capacity of the equipment. For the sold volumes of "air" these sellers get real money from the market Operator, and their open position is subsequently closed in the balancing market at a price 30 % below from the RSV in the appropriate hours, further razbalansirovat the grid.
PJSC "Donbasenergo" declares the inadmissibility of laying on the heat generation of the responsibility manipulation on the market and reminds that since September 2019 the company has repeatedly raised the issue of the incompleteness of the existing market Rules and Regulations RSV/HRV, but also openly offered real mechanisms to prevent such manipulation in the market.
"Donbasenergo" called for the state Regulator to publish on the official web-site the list of market participants engaged in manipulation within the specified period, and to intervene immediately in the situation, to stop the action of the distorted non-market mechanisms and to reduce the volume of the balancing market to stabilize the grid.
For reference: as of 01.02.2020 city of 60.86 % of the shares of PJSC "Donbassenergo" is owned by Private joint-stock company "ENERGOINVEST HOLDING", 25 % + 1 share – the state represented by state property Fund of Ukraine, with 14.14 per cent to other minority shareholders.