UEEX trade results in 2023

In 2023, the exchange held 4183 trading sessions in the form of a one-way auction and 1460 in the form of a two-way auction (in the natural gas market). As a result, 59,84 million MWh of electricity, 2,53 million ton of oil and gas condensate, 263,97 thousand ton of liquefied gas and oil products, 1,33 billion cubic metres of natural gas, and 585 thousand tonnes of coal were sold.

In the area of untreated timber and lumber, 2,416 auctions were held. The total sales volume was 3,46 million cubic metres.

In total, almost 12000 exchange certificates were concluded last year in energy and electricity trading, and 230 transactions were made in the short-term natural gas market. In addition, more than 12400 agreements for the purchase and sale of timber were concluded.

More than 3 thousand exchange transactions were concluded in the direction of "Trading in exchange-traded commodities included in the list of products traded exclusively on organised commodity markets" in a separate module of the electronic trading system of UEEX LLC. The volumes of oil and gas condensate sold in this area amounted to more than 200 thousand tonnes, and liquefied gas - 56 thousand tonnes. By the end of 2023, 41 companies had joined the registration of exchange transactions.

At the end of the year, a total of 5984 participants had access to trading on the UEEX, which is 571 more than a year ago.

The organisers announced 399 auctions through the UEEX’s Prozorro.Sale platform, which brought almost UAH 2 billion to the organisers. In addition, 345 winning bids were submitted through the UEEX platform, and as a result of these auctions, budgets of various levels and private sector organisers received over UAH 314 million.

"Last year, we implemented many innovations, including launching our own trading system for standardised products and expanding the range of these products, improving the mechanisms for aggregation and reporting to Regulators, launching new indices and an analytics unit for certain areas, introducing customer identity verification through the Diia app, etc. Discussions about implementing new projects and improving existing ones are a never-ending process at the exchange. We also have lots of plans for the current year. For example, improving the mechanism for ensuring the execution of agreements concluded as a result of trading in medium-term standardised products on the natural gas market, improving the mechanism for cross-border electricity trading, trading in natural gas in the customs warehouse regime, taking into account currency restrictions, and much more. We will be happy to engage market participants in discussions of the details of the planned innovations on the basis of upcoming events within the Sections Council in key areas or provide value proposals beyond them. After all, ensuring the convenience of using exchange instruments by clients is our top priority," - commented UEEX CEO Oleksandr Kovalenko on the final results.