The Ukrainian Energy Exchange is launching a direction for cross-border trade in electricity, opening an import/export section. The launch of the project is an important step in the development of cooperation between Ukraine and the EU countries and Moldova in the field of energy, and will also provide expanded opportunities for electricity import on transparent terms already this winter.

Participants of the Ukrainian electricity market get new prospects of access to a more expanded pool of sellers and, in the future, buyers from neighboring countries. At the moment, the project is gaining special relevance due to the need to activate commercial imports with a seasonal increase in demand in order to avoid the formation of a deficit in the system.

For cross-border trade in the import/export of electricity, the algorithm of auctions, which are already familiar to all UEEX participants, will be applied, which are held in the PP BETS in the "Electric power" version, however, the procedure will be governed by a separate Regulations. The trade will take place in the form of a unilateral auction, where the initiators of the position can be both sellers and buyers - residents and non-residents of Ukraine, and the parties to the contracts based on the results of the auctions will be "resident-non-resident" couples. To participate in auctions, market participants must pass accreditation by filling out the registration form on the website in the section «Accreditation - Import/Export Section».

Sales schedules of an individual hourly load - block position (BLOCK - execution during the calculation period (hours)/several consecutive calculation periods (hours) of the supply day with the indication of the corresponding release/withdraeawal period and days - "working"/"non-working"/ "all"); loading of an individual profile (PROFILE – execution by the bidder of the position - the winner of the predicted hourly volumes of electricity determined by the auction conditions, necessary to meet the needs of the initiator of the position); base load (BASE - execution within 24 hours a day). Participants can add their own draft sales contract to the position or be guided by the form proposed by UEEX.

In order for market participants to be able to assess for themselves the advantages of participating in the import/export of electricity through the exchange, UEEX offers preferential conditions for participation in the section until the end of the year: the fixed monthly payment for participation in the auctions will be 1 euro, and the payment for the implementation of purchase and/or sale transactions will not be charged to the parties to the agreement.

According to CEO of UEEX Oleksandr Kovalenko, this stage opens up wide opportunities:

"The start of organized electricity trade at the interstate level is a strategically important step for our energy industry. This creates new impulses for participants, allowing them to actively interact with European partners, form transparent prices, and also ensures greater competition, compared to the conclusion of over-the-counter foreign economic contracts."