Ukraine’s Energy Sector Developments
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The transmission system operators of Ukraine, Slovakia, Hungary, and Romania have agreed to implement a medium-term (monthly) joint, coordinated allocation of cross-border power transmission capacity at the Ukrainian borders, using the electronic auction platform, Joint Allocation Office (JAO).
The long-term auctions will offer an opportunity to utilize the relevant cross-border transmission capacities more effectively, minimize or optimize electricity costs, and provide more supply guarantees and predictability.
Source: Wikipedia/Greg Watson