Registration as an electricity market participant
Registration as an electricity market participant
What we do
- obtaining ЕІС code necessary for the further work on the electricity market;
- preparation and submission to Ukrenergo NPC SE a package of documents for execution of agreement for the transfer of electricity;
- obtaining and delivering to you the signed agreement for the transfer of electricity;
- preparation and submission to Ukrenergo NPC SE a package of documents for accession to the imbalance settlement agreement;
- preparation and submission to Ukrenergo NPC SE a package of documents for registration of your company as a market participant;
- supervision of imbalance settlement agreement acceptance and inclusion of your company to the Register of market participants.
OUR FEES
| Electricity market connection services |
Economy UAH 25,000
|
Standard UAH 45,000
|
Premium UAH 70,000
|
|---|---|---|---|
| Stage 1. Ukrenergo |
|||
| Full registration of the company’s personal account to receive an EIC code. | Х | Х | Х |
| Preparation and submission of documents to Ukrenergo for signing an Electricity Transmission Agreement. | Х | Х | Х |
| Legal support of the agreement signing process. Obtainment of the agreement. | Х | Х | Х |
| Preparation and submission of documents to Ukrenergo for acceding the Imbalance Settlement Agreement and joining the electricity market. | Х | Х | Х |
| Organization of guarantee payment for participation in the market. | Х | Х | Х |
| Checking the Client with reference to the checklist formed on the experience of previous Clients. | - | Х | Х |
|
Advising on all additional questions. (For example: What is the order of work on the platform? What is the order of transactions?). |
- | Х | Х |
| Stage 2. Oblenergo | |||
| Preparation of documents and signing of an agreement with one Obolenergo at the Client’s choice. | Х | Х | Х |
| Checking the Client with reference to the checklist formed on the experience of previous Clients. | - | Х | Х |
|
Advising on further connections to Oblenergos. |
- | Х | Х |
| Advising on all additional issues related to work with Oblenergo. (For example: Which Oblenergos don’t you need to connect to? Where can you find the whole list of Oblenergos for further connection?) |
- | Х | Х |
| Stage 3. Market Operator | |||
|
Preparation of documents for signing an agreement with the Market Operator. Approval of documents with the Market Operator. Legal support of successful signing of the agreement with the Market Operator. |
Х | Х | Х |
| Checking the Client with reference to the checklist formed on the experience of previous Clients. | - | Х | Х |
|
Advising on all additional issues related to work with the Market Operator. (For example: Which account should you open for further work with the Market Operator? Which electronic digital signature do you need for successful work on the Operator’s platform?) |
- | Х | Х |
| Stage 4. Ukrainian Energy Exchange. | |||
| Preparation and uploading of documents to the online platform for accreditation on the Exchange. | Х | Х | Х |
| Legal support of successful review of documents by the Ukrainian Energy Exchange. | Х | Х | Х |
| Checking the Client with reference to the checklist formed on the experience of previous Clients. |
- | Х | Х |
| Advising on all additional issues of working with the Ukrainian Energy Exchange. (For example: Which sections should be selected to work with state enterprises?). |
- | Х | Х |
|
Legal support of your company on the above issues, for a period of 6 months + a list of the reporting documents forms. |
- | - | Х |
The cost of Registration as an electricity market participant does not include the creation of an electronic digital signature for those working on online platforms, execution of bank guarantee, obligatory payments to Market OPERATOR SE.
The exact total cost of the Registration as an electricity market participant is calculated on the basis of the total number of power distribution companies (oblenergo) or Market Segments you want to get registered in.
In case of special prior agreement, we can also:
- Register your company as a participant of electronic auctions on the Ukrainian Energy Exchange;
- Provide support and assistance in preparing, submitting the documents and signing of the agreement for participation in the day-ahead and intraday markets;
- Provide advice or support for accession to the electricity distribution agreement with a local power distribution company (OBLENERGO).
Successfully rendered services
Accompanied the inclusion of the Client in the electric energy market
In 2020, they helped a client who came from the Dnieper achieve registration as an electricity supplier and join the electricity market.
Concluded for the Client all necessary agreements for registration as the electricity market participant
The lawyers of our firm fully accompanied the signing a number of agreements for registration of supplier company from Kiev Region on the Ukrainian electricity market.
Supported the factual entry of the electricity supplier into the electricity market
The lawyers of our firm registered the electricity supplier from Kropyvnytskyi city on the electricity market of Ukraine and fully accompanied the signing of the contract with the SE Market Operator on participation on the market for a day up front and intraday market.
WHY CHOOSE US
-
Wide-reaching services
We provide services for entering the electricity market to both local electricity suppliers represented in one city or region (e.g. Kyiv or Kyiv region) and global networks with all-Ukrainian coverage -
Electricity market entry on a turnkey basis
We are focused not just on providing one specific service, but on a comprehensive approach allowing to achieve the Client’s goals. Our company employs qualified personnel who specialize in comprehensive support of entrepreneurs intending to enter the electricity market of Ukraine, ensuring the registration of your company, obtaining licenses for electricity supply, registration of electricity market participants, registration of participants in electronic auctions and the day-ahead and intraday markets.
LIST of documents to be submitted by the Client
-
Copy of the decision on the license issue
-
Constituent documents of the Company
-
Extract from the VAT Payers Register
Our lawyers will provide comprehensive information and a full list of documents to be submitted by the Client during the service delivery.
REFERENCES FROM OUR CLIENTS
G. Zeynep Kucuk, SANOVEL ILAC SAN. ve TIC. A.S.
President Tedeev E.S., Ukrainian wrestling association
General director Skibinskiy V., Yokogawa Electric Ukraine Ltd.
L. Chervonyuk, LLC "Vitalux"
Chief ophthalmologist of Ukraine, Oksana Vitovska, All-Ukrainian alliance of ophthalmologists
General director I.Logvinenko , Bravo Airways
Partner, Denis Y. Lysenko, Vasil Kisil & Partners
General Manager Stashkevych I.Y., LLC “Trading company” Rud”
Important to know
Exclusive requirements to get registered as a market participant include:
- License for business activities on the electricity market;
- VAT payer status in your company;
- Electronic signature certificate for those working on online platforms;
- Account with a special mode of use;
- Execution or payment of a financial guarantee to the account of Ukrenergo NPC SE.
ANSWERS TO FAQs
When can a company apply for registration as an electricity market participant?
Entrepreneurs can register as participants of the Ukraine’s electricity market from the date the National Commission for State Regulation of Energy and Public Utilities grants them a license for business activities in the field of electricity and provided that the company has a VAT payer status.
At what point does a company become a participant of the electricity market?
After the receipt of the notification from Ukrenergo NPC SE about the acceptance of the agreement on the settlement of electricity imbalances. The date when the company became an electricity market participant will also be recorded in the relevant register.
Shall any official fees be paid to Ukrenergo NPC SE for the registration of an electricity market participant?
No, a market participant shall not pay any official payments for registration. However, once your company is included in the electricity market, you need to maintain the appropriate amount of the financial guarantee.
Is it enough to get included in the list of electricity market participants to be allowed to purchase electricity in the day-ahead or intraday markets?
No, in order to be able to purchase electricity on the above-mentioned markets, it is necessary to sign an agreement with OPERATOR MARKET SE on participation in these markets and pay a fixed fee to the state budget in the amount of UAH 3,577.00.
SWIFT OBTAINMENT
AND BEST QUALITY PROVEN BY YEARS OF PRACTICE!
Volodymyr Gurlov, Managing partner
RELEVANT INFORMATION
If your company doesn’t locate in Kyiv, you can also become our Сlient, as the companies from any region of Ukraine can be included in the electricity market.
Call us, if You need any legal consultation on Registration as an electricity market participant process or if You want to become an electricity market participant fast an easy!