Section council by the direction “Electricity” begins its work at the UEEX

Section council begins its work on April 7, 2021, by the direction “Electricity” at the Ukrainian Energy Exchange. It comprised representatives of energy generating and supplying companies, namely: SS Energoatom Trading SE Energoatom, Ukrhydroenergo PJSC, Centrenergo OJSC, PRJSC ’’MHP EKO ENERGY’’, D. Trading LLC, New Energy Company LLC, ERU Trading LLC, DE Trading LLC, and Enera LLC. The main priorities of the Council are to provide comprehensive support for the development of the exchange to organize and conduct electricity auctions and to establish effective cooperation with businesses and market participants, the press service reports.

Section council will prepare proposals regarding current issues, related to organizing of electricity trading, procedures of settlements and delivery, mechanisms of risk management, development and introducing new trading technologies and trading instruments. Section council will also be involved in the development of training programs for exchange market professionals.

Among the issues of Section council are the interaction with Exchange relative to the organization and development of Exchange trade and another services of the Exchange, assisting the public authorities to take into account the views of the Section council when formulating and implementing public policy in the energy sector, in exchange trading, clearing and settlement activities, etc., preparing joint events and discussions on topical issues of energy sector development. The council will conduct expert assessment of new projects of the Exchange, will facilitate the introduction of new trading instruments and develop proposals, aimed at preventing price manipulation on the exchange and other abuses and makes recommendations to the authorized bodies of the exchange.

"The Ukrainian Energy Exchange is actively working on the development and implementation of innovations for the development of energy trading, in particular electricity. This is evidenced by the creation of the Section council, which will allow to build closer cooperation with market participants in creating new developments aimed at developing and introducing new technologies and products," said the Chairman of the Exchange Committee of the Ukrainian Energy Exchange, Oleksii Dubovskyi.

As reported, the UEEX launched day-ahead trading in natural gas.

Tags: DTEK, NNEGC "Energoatom", electricity, electricity market, Ukrhydroenergo, Centrenergo, auctions, UEEX

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