Ukraine Market Update: Group Participant Protection
· WOWERI
The insolvency of the central party no longer paralyzes the entire balancing group. Each participant receives a direct contract automatically.
Introduction
New rules have been introduced for balancing groups in the Ukrainian market. These rules aim to protect group participants in the event of the central party's insolvency.
What's Changed
Previously, if the central party became insolvent, the entire balancing group was paralyzed. Now, each participant receives a direct contract automatically, allowing them to continue working without interruption.
Impact on Business
These changes should have a positive impact on the Ukrainian market, as they reduce the risk of balancing group paralysis and ensure the stability of participant operations.
What to do next
Source: biz.ligazakon.net