On July 3, 2024, the Regulator (NEURC) by its decision dated July 3, 2024 approved UEEX LLC as a data transmission administrator (DTA). The company is starting to provide a new DTA service for participants of the wholesale energy market regarding the collection, aggregation and provision of information to the NEURC on the economic and trade operations performed related to wholesale energy products. The Data Transmission Administrator Platform (DTA UEEX) will ensure the exchange of information between wholesale energy market participants and the Regulator within the framework of national REMIT legislation.
Reporting within the framework of REMIT will ensure effective monitoring of the market on the part of NEURC, improve the transparency of the wholesale energy market of Ukraine and increase confidence on the market of investors and consumers. DTA UEEX will be responsible for collecting, aggregating and reporting to the Regulator, ensuring the quality and reliability of the information transmission service. The tasks of the DTA are similar to the tasks of the RRM (Regulatory Reporting Mechanism) in European markets, which transfer REMIT reporting to ACER.
DTA UEEX offers a convenient and reliable data exchange service that increases the transparency and efficiency of market processes. The platform provides the availability of a full range of services regarding information reporting, both for clients of the exchange and for other participants on the electricity and natural gas market.
The DTA UEEX information platform provides the possibility of reporting within the framework of REMIT to the NEURC in accordance with the Resolution of the NEURC No. 618 on the following types of data:
- Standard agreements are agreements concluded on the exchange and other entity who professionally organizes transactions with wholesale energy products., including executed and unexecuted applications. The list of standard agreements is published on the website of the NEURC.
- Non-standard agreements – agreements concluded outside the entity who professionally organizes transactions with wholesale energy products trading system (OTC market), which cannot be classified as standard.
- Reporting on historical transactions - in accordance with Clause 2 of the Resolution regarding economic and commercial transactions carried out before the entry into force of the Resolution.
- Other REMIT data - at the request of participants of the wholesale energy market or entity who professionally organizes transactions with wholesale energy products.
In order to receive DTA UEEX services, participants of the wholesale energy market must fill out an electronic questionnaire and pass the appropriate accreditation to sign a public offer agreement for the provision of DTA services with UEEX LLC. The DTA service of UEEX can be used by participants of the wholesale energy market, both residents and non-residents, who are registered in the register of the NEURC and have an ECRB code. Detailed information on the conditions for providing the DTA UEEX service is available on the website of the UEEX LLC company at the link.
"The launch of the DTA UEEX data transmission administrator platform is an important step to improve the transparency and efficiency of the energy market of Ukraine. We are confident that the new DTA UEEX platform will become an important tool for market participants, providing a convenient and efficient exchange of information with the Regulator. This will greatly facilitate the fulfillment of regulatory requirements and will contribute to the further development of the market," said CEO of UEEX O. Kovalenko.
