The State Enterprise “Market Operator” operates on the principle of exchange market, which promotes competition and lowers the price of electricity. The company provides an opportunity for electricity market participants to minimize imbalances, and thus reduce their losses.
“Market Operator” is the first and only state-owned enterprise in Ukraine which has implemented and conduct payments through Escrow accounts. And the first enterprise whose payment system works on weekends.
“Market Operator” provides instant 100% settlements between those who sold and those who bought electricity, which prevents the emergence of debts in these segments of the new energy market. The purchase and sale of electricity on the Day-Ahead market and the Intraday Market is conducted automatically, without any manual control, which prevents abuse and provides equal conditions for all market participants.
SE “Market Operator” is a state enterprise of Ukraine, established on June 18, 2019 in accordance with the Law of Ukraine "On the Electricity Market".
The company is responsible for organizing the purchase and sale of electricity on the Day-Ahead Market and the Intraday Market, helps to ensure a balance between supply and demand in the electricity market.
On the Day-Ahead Market, electricity is sold and bought on the next day after the auction. A price on this segment of the market is determined by the marginal pricing principle, with an aim of minimizing price and maximizing trading volumes. None of participants see offered prices and volumes of buying or selling of electricity by other participants. This technology promotes competition of bidding on DAM.
On the Intraday Market, electricity is sold and bought continuously after day-ahead auctions and during the physical supply of electricity have been completed. This market segment enables market participants to adjust their trading positions and works on a principle that «each product has its own buyer". That is, sellers and buyers declare the volumes and prices at which they want to sell / buy electricity, and are waiting for their counterparty. "Market Operator" works transparently in compliance with the principles of free pricing and promptly makes full payments to market participants. Electricity bidding is conducted 24/7 automatically, without any manual process control.
"Market Operator" works transparently in compliance with principles of free pricing and promptly performs full calculations with market participants. Electricity bidding is conducted 24/7 in an automatic mode, without any manual process control.