On platform XMtrade®/PXS 2,56 billion EUR was traded in Ukraine in 10 months

all newsNews

Moments of the ENERGOFÓRUM® 2024 conference
11/13/2024
Even though the unique atmosphere of the energy conference ENERGOFÓRUM® is best experienced in perso... more
Discussion panels from the ENERGOFÓRUM® 2024 conference are now available
10/29/2024
The gates of the 18th edition of the prestigious ENERGOFÓRUM® conference have closed, and we take st... more
We won the EcoVadis bronze medal in the area of sustainability
10/1/2024
Our company SFÉRA, a.s. won the EcoVadis bronze medal in the field of sustainability. This prestigio... more

On platform XMtrade^®/PXS 2,56 billion EUR was traded in Ukraine in 10 months

5/15/2020

Energy sector is a field of activity that must be fully operational even during quarantine. Several markets have seen a decline in energy consumption, not only due to the impact of the crisis on the suspension of industrial production, but also during the warmer season. However, this does not mean that functionality of systems that manage energy flows or trades in the energy market could be slow down or even stopped.

Our XMtrade^®/PXS system is also part of a 24/7 operation and manages data daily, which is equivalent to thousands of kW hours of traded electricity. In Slovakia, the product is used by the national market operator OKTE. In other countries system has been implemented and currently is in production by Ukrainian market operator SE "Market Operator" for 10 months.

According to the latest news published on the website of SE "Market Operator", 43.3 TWh of electricity has already been traded in Ukraine on XMtrade^®/PXS system, which is almost 35% of total domestic consumption. The turnover of volume of traded energy is 2.56 billion EUR (exchange rate as of May 1, 2020).

"Even in the current conditions of nationwide quarantine, market operator adheres to the declared labor standards - 100% calculation, including weekends and 24/7 electricity trading," said Vladimir Yevdokimov, Director of the Market Operator.

XMtrade^®/PXS system operates:

organization of the day-ahead market in the form of an auction and intraday market in the form of continuous trading,
control of financial security for trading,
order matching for day-ahead market and intraday market using integrated algorithms,
intraday trading in accordance with the pan-European XBID solution,
billing and invoicing processes directly in the system, or through interfaces to other business information systems.

Previous news

WINGS FOR LIFE: WE RAN FOR THOSE WHO CAN’T
5/5/2020

On Sunday, May 3, we took part in the Wings for Life World Run. The overall result of the sféra team was a little less than 100 km, which was a target marathon distance. We have to point out that our team decided to reach for more ambitious goal and contr...

SFÉRA successfully passed periodic audit
4/30/2020

Despite the COVID-19 crisis, the information technology world was not broke down, but was moved to the virtual world in all sectors. Certification authority DNV GL Business Assurance Slovakia Ltd. also adapted to the new working conditions. Authority car...

Sféra developed information system for certificates of origin of electricity
4/23/2020

The popularity of green energy is still growing. Companies, also individuals, want to declare that their electricity is generated from renewable sources of energy. One of the possibilities for declaration is to obtain certificate of origin of electricity...

Choose what you need from our products