REMIT

Due to implementation of the REMIT requirements of EU Regulation No. 1227/2011 in Ukraine, carrying out transactions with wholesale energy products w/o registration as a participant of the wholesale energy market is an abuse on the wholesale energy market. Taking into account the above, the NEURC (the Regulator) approved the Procedure for registering participants in the wholesale energy market. The SSO fulfills requirements of the Regulator’s acts verifying the Customers’ registration as participants of the wholesale energy market (submission of trade notifications for accept/transfer of natural gas) in the register.

Additional information
MEMO

1. Registration

It is necessary to apply to the Regulator and take the appropriate actions to register as a participant in the wholesale energy market, obtain an ERCB code, and provide all the necessary information according to the registration form*

Significant fines are provided for violation of the requirements of the law regarding integrity and transparency in the wholesale energy market.

2. Reporting

The Customer independently transfers:

  • Resolution of the NEURC No. 614. For the purpose of publishing insider information, the Customer shall conclude an Insider Information Publication (Disclosure) Agreement with any administrator of the Insider Information Platform in accordance with the NEURC register.

  • Resolution of the NEURC No. 618. In order to provide information on economic and trade operations related to wholesale energy products, the Customer shall conclude a Data Transmission Services Agreement with any administrator of the Data Transmission Platform in accordance with the NEURC register. **

 

JSC Ukrtransgaz, as the SSO, independently passes to the NEURC:

  • Report on the volumes of natural gas storage by the wholesale energy market participants
    (Annex 9 - NEURC Resolution No. 618)

  • Report with a list of customers who have not been registered as wholesale energy market participants
    (NEURC Resolution No. 593)

 

* All information provided for registration shall be valid, the EIC shall contain only Latin characters, numbers, w/o spaces, letters and numbers that do not relate to the identifier of the natural gas market entity. The EIC in the Register plays a role of a unique identifier, by which it is possible to determine the registration code (ECRB code) of the market participant for further submission of relevant reporting. Non-resident companies shall submit the registration form in paper in person (through a representative) or by mail to the NEURC address: 19, Simii Brodskykh, Str., 03057, Kyiv (the original of the completed registration form signed by an authorized representative) with simultaneous submission of the registration form in xls/xlsx on the NEURC official website www.nerc.gov.ua (POPULAR SECTIONS / REMIT / REGISTRATION OF THE WHOLESALE ENERGY MARKET PARTICIPANTS w/o imposing a qualified electronic signature.
** When carrying out economic and trade transactions within the system of the PPOTWEP, the PPOTWEP provides information about the performed economic and trade operations to the NEURC. PPOTWEP - persons who professionally organize transactions with wholesale energy products (organized trading platforms, commodity exchanges, electronic auctions, trading platforms, other systems).

3. Contacts

+38 (044) 298-81-08, stock-sso@utg.ua

+38 (044) 461-20-44, front-office@utg.ua