The Ukrainian Energy Exchange trades in natural gas in terms of the following markets:
Short-term natural gas market
At this stage, trading is carried out by intraday title products. Trades take place in the Software Product "Energy Trading Platform" (PP ETP) of the Commodity Exchange Ukrainian Energy Exchange in the form of a bilateral continuous auction.
The exchange plans to introduce short-term standardized products "for the day ahead", as well as local (physical) products.
An educational video according operations in a trading platform in the short-term natural gas market you can find at the link.
Trading platform UEEX "Energy trading platform"
| Implemented model Balancing tool for market participants | ||||
|---|---|---|---|---|
| Time framework | Within-Day (WD) | |||
| Trading products | Title | |||
| Delivery point | VTP | |||
| Trading hours | 7 days/week, 24 hours/day | |||
| Data transfer format | Trading notifications | |||
| Planned model Balancing tool for market participants + Residual (physical) balancing for TSO | ||||
|---|---|---|---|---|
| Time framework | Within-Day (WD) Day-Ahead (DA) | |||
| Trading products | Title Local (physical) | |||
| Delivery point | VTP VTP + location points | |||
| Trading hours | 7 days/week, 24 hours/day | |||
| Data transfer format | Trading notifications Unilateral (re)-nomination | |||
Medium- та long-term market of natural gas
Trading is carried out in the Software Product "Exchange Electronic Trading System" (PP BETS) with the term of natural gas supply in a certain month, quarter or other conditions.Transmission point: VTP (virtual trading point) or underground storage (underground gas storage). The form of the auction is unilateral auction with the possibility of placing counter-bids.
Trading is held on working days within open trading sessions. The trading session in PP BETS opens when the first application is submitted in the form of a position by the initiator of the auction on a date and time determined in advance and agreed with the exchange and lasts 2 hours.