May 6, held a meeting of the Auction Committee on electricity sale under bilateral contracts, which was agreed upon, changes and additions to the Regulation on organizing and conduction of electronic auction on electricity sale on the Commodity Exchange Ukrainian Energy Exchange were agreed, approved by the decision of the Exchange Committee of the Commodity Exchange Ukrainian Energy Exchange on April 27, 2021. The above changes regulate the procedure for the functioning of the general account and its use by participants of the auctions in the direction of Electricity.


General account functionality allows participants to participate in auctions without losing time on "transferring" funds from one auction to another by a letter, as well as quickly and easily deposit and withdraw funds from the general account. Bids of a participant are automatically admitted to the auction within the limits of the available amount of the guarantee fee in the general Account.

General account is simultaneously used by auction participants when organizing and holding auctions, both in the specialized section and in the commercial section, except for producers of electricity - state enterprises, as well as business companies, the state share in the authorized capital of which is 50 percent or more, which is regulated by item 6 paragraph 2 of Article 66 of the Law of Ukraine "On the Electricity Market”.

According to the decision of the Auction Committee, the use of the general account will be available from the day following after the day during which no electronic auctions were initiated, which will be additionally announced on the Exchange website.

"Ukrainian Energy Exchange is constantly working to improve its trading products for maximum convenience and efficiency of the participants work in the trading process. Introduction of the general account opens up the possibility for electricity market participants to independently manage their guarantee fees and allows for quick and safe execution of transactions," said UEEX CEO Oleksandr Kovalenko.