The draft act on the abolition of the exchange obligation was included in the list of legislative works. Its adoption is planned for the second quarter of 2021. The author of the project is the Climate and Environment Resort. As they write, achieving obliga’s goals is now possible under standard market and regulatory mechanisms. Among them, the most important are structured electricity supplier switching procedures supplemented with market transparency requirements and advanced procedures for monitoring market power and abuses on the electricity market.
In addition, they mention that after the removal of the stock exchange obligation, commercial transactions will continue to be concluded on commodity exchanges, and each market participant will decide whether to use this form of trading independently, in line with their own market strategy.
The Ministry of Climate emphasizes that the change in legal regulations is the first step in the reconstruction of the national model of electricity trading, aimed at supporting the transformation of the national power industry and its integration with the European market.