The National Energy and Utilities Regulatory Commission (NEURC) held an emergency meeting to stabilize the electricity market after prices plummeted on the day-ahead segment, the regulator reported on July 5.
The price crash on July 2-4 was caused by falling demand from electricity buyers who wield significant market power, including the company D.Trading, which is part of oligarch Rinat Akhmetov’s energy conglomerate DTEK.