UEEX presented the UEEX data transmission administrator platform to the market
On June 14, 2024, Ukrainian Energy Exchange LLC (UEEX) held a webinar dedicated to the presentation of the new UEEX Data Transmission Administrator Platform (UEEX DTA). The event brought together representatives of the wholesale energy market, who had the opportunity to familiarize themselves with the functionality of the new platform and get answers to questions about its use.
Opening the webinar, Oleksii Dubovskyi, Chairman of the Exchange Committee, highlighted the features of the new REMIT regulatory reporting product and emphasized the security, reliability and uninterrupted operation of the UEEX DTA service. He also emphasized the availability of a full range of services for reporting information by the UEEX DTA service for both exchange customers and other electricity and natural gas market participants.
Igor Bohachov, UEEX Chief Strategic Planning and Business Analysis Manager, presented to the participants a presentation and detailed information on the functions of the data transmission administrator that UEEX LLC plans to perform from July 2, 2024. The DTA is responsible for collecting, aggregating and submitting to the Regulator information on economic and commercial transactions in the wholesale energy market in accordance with the REMIT legislation, namely:
- Law of Ukraine No. 3141 "On Amendments to Certain Laws of Ukraine on Prevention of Abuse in Wholesale Energy Markets";
- NEURC Resolution No. 2613 dated 27.12.2023 "On Approval of the Procedure for Acquiring, Suspending and Terminating the Status of Data Transmission Administrator";
- NEURC Resolution No. 618 dated 27.03.2024 "On Approval of the Procedure for Submitting Information on Business and Trade Operations Related to Wholesale Energy Products";
Particular attention was paid to the new information system of the UEEX DTA, designed to provide information on market operations, including offers (applications), to the Regulator by wholesale energy market participants. The platform provides convenient and reliable data exchange, which helps to increase the transparency and efficiency of market processes.
The webinar participants had the opportunity to familiarize themselves with the key features of the UEEX DTA platform.
The discussion during the webinar showed considerable interest in the new opportunities offered by the UEEX DTA platform.
"We are glad to introduce to the market a new UEEX DTA platform that will greatly facilitate the exchange of data between market participants and the Regulator. The platform ensures full compliance with REMIT legislation and will become an important tool for increasing transparency and efficiency of market operations," said Oleksii Dubovskyi, Chairman of the Exchange Committee of UEEX.