NEURC and UEEX signed a Memorandum of Understanding and Cooperation

On February 18, the National Energy and Utilities Regulatory Commission, Uktaine (NEURC) and the Ukrainian Energy Exchange (UEEX) signed a Memorandum of Understanding and Cooperation.

The parties agree to join efforts to promote the effective development and transparency of electricity and natural gas markets in the interests of market participants regarding the construction of an integral and transparent energy market in Ukraine.

Signing the Memorandum, Chairman of the UEEX Exchange Committee Oleksii Dubovskyi said: "Close and fruitful interaction of the energy exchange and the energy regulator is a mandatory practice of European countries, which serves as a catalyst for development and reforms on the market. This is the second Memorandum that UEEX signs with the Regulator, and we are pleased with the opportunity to consolidate our efforts in order to implement European standards in the Ukrainian energy market".

"Chairman of NEURC Valeriy Tarasyuk noted: "Exchange trade today is an important part of the country’s energy market. One of the main tasks of the regulator, in accordance with the Law, is not only to regulate, but also to ensure the effective functioning and promotion of markets. The regulator welcomes UEEX’s commitment and assistance in creating transparent and competitive energy markets".