Conference on Energy Law: Implementation of REMIT guarantees high standards of transparency and competition on

On June 15, 2023, the III Conference on Energy Law, organized by the Association of Lawyers of Ukraine, took place. The event was dedicated to discussing the current situation on the energy market, the main challenges, problems, as well as legislative initiatives to solve them. Among the participants were representatives of the Ministry of Energy of Ukraine, state regulatory authorities, industry associations and experts of leading companies in the energy sector.

The conference consisted of four discussion panels: "Energy security", "Electricity market", "Gas market in Ukraine", "Energy issues". Each panel focused on specific aspects of the energy sector.

The platform devoted to the natural gas market attracted particular interest. Its participants discussed the difficult situation in the gas sector caused by the military aggression of the Russian Federation, as well as the prospects for its revival and further development. As part of the panel, the head of the legal department of the Ukrainian Energy Exchange, Victoria Dudchenko, spoke. She presented the work of the exchange, its cooperation with market participants and the desire for development according to European standards.

Victoria Dudchenko drew attention to the gradual recovery of exchange trading on UEEX after the shock year of 2022 and noted the contribution of Ukrnafta PJSC, Naftogaz NJSC and other natural gas market participants to this process. She talked about the cooperation of UEEX, NEURC and NSSMC within the framework of the introduction of the REMIT mechanism and informed about the introduction of new trades for standardized products in the "Natural gas" section, the launch of which is scheduled for July 26, 2023.

Summing up, Viktoria Dudchenko focused on the need to develop and implement exchange trading of natural gas according to high European standards and rules, compliance with REMIT requirements, which will contribute to increasing liquidity on the natural gas market, its transparency, competitiveness, which will become an effective tool for determining the real price indicator . And she also emphasized the aspirations of the Ukrainian Energy Exchange in promoting such development.