NKREKP Strengthens Control Over Electricity Market Agreements

The National Commission for State Regulation of Energy and Public Utilities has updated the Electricity Market Rules.

The amendments are aimed at improving the transparency of market operations, strengthening the financial discipline of participants, and enhancing control over the execution of agreements.

Special attention is given to the protection of participants in balancing and aggregated groups in cases where problems arise with the party responsible for balancing. The updated rules introduce mechanisms intended to reduce risks for such participants and ensure the stability of their operations in the electricity market.

NKREKP has also improved information exchange between the platform of the transmission system operator and the organizers of electronic auctions for the sale of electricity under bilateral agreements. This should help improve control over the registration of electricity volumes and the fulfilment of concluded agreements.

The update of the Electricity Market Rules is an important step toward increasing transparency, improving the reliability of settlements, and reducing operational risks for electricity market participants.

Source: official website of NKREKP.