Ukrainian Energy Exchange

What Ukrainian Energy Exchange does

Ukrainian Energy Exchange (ТОВ «Українська енергетична біржа», LLC UEB) is the first licensed commodity exchange in Ukraine and is described as the unconditional leader among Ukrainian commodity exchanges. It was founded in 2010, is headquartered in Kyiv, and operates as a private limited liability company on a lean headcount of 11-50 employees. The exchange operates electronic trading infrastructure for energy resources, conducting auctions across electricity, natural gas, oil products, LPG, oil and gas condensate, untreated timber, coal, and fertilizers, serving 6,000+ participating companies.

The core technology is a proprietary electronic trading stack built around the Exchange Electronic Trading System (ПП БЕТС) with four specialized modules: БЕТС (multi-commodity exchange trading), EPBETS (electricity auctions under bilateral contracts and import/export), ETP (standardized natural gas products on short-term markets including day-ahead and intraday), and UGS BETS (underground gas storage trading under customs warehouse regime). Participants must be accredited and post a 5% guarantee deposit on bids before accessing the system.

Revenue is generated through commission fees on concluded transactions (0.05% for natural gas, 0.1% for oil and gas condensate, 0.01% for LPG), plus exchange membership and accreditation fees, REMIT data reporting services, and Training Center programs. The go-to-market is B2B and primarily direct: large state-owned enterprises (Naftogaz, Energoatom, Ukrhydroenergo, Centrenergo, Ukrenergo, Ukrzaliznytsia, Garantovanyi pokupets), private operators (DTEK, Ukrnafta), and international traders (SOCAR) participate directly via accredited membership. The exchange is also an accredited майданчик within the Prozorro.Sale public procurement system and a member of EUROPEX, the American Chamber of Commerce in Ukraine, and the European Business Association.

Name

Ukrainian Energy Exchange

Legal name

ТОВ «Українська енергетична біржа»

Website

https://ueex.com.ua

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Ukrainian Energy Exchange is the first licensed commodity exchange in Ukraine, operating proprietary electronic trading systems (BETS, EPBETS, ETP, UGS BETS) for electricity, natural gas, oil products, LPG, timber, coal, and fertilizers, serving 6,000+ energy market participants including state-owned and private enterprises.

Ownership category

akta.pro rank

Product category

Energy Commodity Exchange

NAICS

Securities and Commodity Exchanges (523210), Securities and Commodity Exchanges (5232), Commodity Contracts Intermediation (523160)

SIC

Commodity Contracts Brokers & Dealers (6221), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro industry

PRIMARYFSAFAMAC

Energy Commodities Exchanges (Crude Oil, Refined Products, Natural Gas, Power)

Financial & Insurance/Financial Exchanges & Market Infrastructure/Commodity Exchanges

SECONDARYFSAFABAD

Energy Derivatives Exchanges (Oil, Gas, Power, Emissions)

Financial & Insurance/Financial Exchanges & Market Infrastructure/Derivatives & Futures Exchanges

SECONDARYEUAGAAAO

Energy Risk Management, Analytics & Back-Office (ETRM/CTRM)

Energy, Utilities & Environment/Energy Trading, Marketing & Retail Supply/Wholesale Energy Trading & Marketing (Physical & Financial)

SECONDARYEUAMAMAN

Trading Platforms, ETRM/CTRM & Market Connectivity (APIs, Messaging, Integrations)

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Renewable Energy Trading & Market Access

Keywords

• Commodity exchange trading
• Energy trading platform
• Natural gas auctions
• Electricity market exchange
• Oil products trading

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Digital Commerce or Content

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Exchange Commission Fees: The exchange earns revenue through commission fees charged on concluded transactions. Fee rates vary by commodity: natural gas trades charge 0.05% of transaction value; oil and gas condensate trades charge 0.1% of purchased product value; LPG trades charge 0.01% of purchased product value. Participants also pay guarantee deposits (5% of total bid value) which are held during trading.
2. Exchange Membership and Accreditation Fees: Participants are required to acquire non-permanent or full membership status on the exchange and complete accreditation procedures to access various trading sections. Fees are collected through tariff schedules for exchange trading services.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Ukrainian Energy Exchange operates a licensed commodity exchange in Ukraine providing electronic trading platforms for wholesale energy resources, including electricity, natural gas, oil products, LPG, oil and gas condensate, coal products, fertilizers, and untreated timber. It runs multiple proprietary electronic trading systems (BETS, EPBETS, ETP, UGSBETS) and serves over 6,000 participating companies, earning transaction-based commissions and membership/accreditation fees.

Product overview

Ukrainian Energy Exchange (ТОВ «Українська енергетична біржа») operates as a licensed commodity exchange providing electronic trading platforms for energy resources. The core product is the Exchange Electronic Trading System (ПП БЕТС) with multiple specialized modules including EPBETS for bilateral electricity contracts, ETP for standardized natural gas products, and UGSBETS for underground gas storage trading. The exchange offers trading services across electricity markets (bilateral contracts, commercial sections, specialized sessions for alternative energy), natural gas (short-term and long-term markets, cross-border, customs warehouse), liquefied gas, oil products, oil and gas condensate, coal products, fertilizers, unprocessed timber, and guarantees of origin for electricity. Additional services include REMIT market monitoring, targeted auctions, and a training center for participant education.

Differentiator

Problem solved

Functional benefit

Brands

• Біржова електронна торгова система (БЕТС): Electronic Exchange Trading System for energy resource trading
• EPBETS
• ETP
• UGSBETS

Products and services

• Exchange Electronic Trading System (BETS) (Біржова електронна торгова система / Програмний продукт «Біржова електронна торгова система») Proprietary electronic trading system used to conduct exchange trades across energy resource markets including natural gas, oil products, liquefied petroleum gas (LPG), oil and gas condensate, and untreated timber. For licensed energy market participants (sellers and buyers).
• EPBETS — Electric Power Bilateral Auction System (Електронна торгова система для торгівлі електричною енергією за двосторонніми договорами) Electronic trading system supporting auction-based trading of electricity under bilateral contracts, including specialized sections (renewable/alternative energy), commercial sections, and import/export sections of electrical energy. For electricity producers, suppliers, distribution system operators, and large consumers.
• ETP — Natural Gas Standardized Products Trading Platform (Електронна торгова платформа стандартизованих продуктів) Electronic trading platform for trading standardized natural gas products on the short-term market, including day-ahead and intraday markets. For natural gas producers, suppliers, traders, and large industrial consumers.
• UGSBETS — Underground Gas Storage Trading System (Біржова електронна торгова система торгівлі природним газом у підземних сховищах) Trading platform for natural gas in underground gas storage facilities operating under customs warehouse regime. For natural gas storage operators, producers, traders, and importers.
• Prozorro.Sale Electronic Trading Platform (Майданчик Прозорро.Продажі)

Quantifiable outcome

• Over 6,000 companies participate in trading at the exchange
• +1 more outcomes

Named customers14 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and moderate.

• EUROPEX — Association of European Energy ExchangescoreStrategic or Co-development Partner · 1 October 2019Ukrainian Energy Exchange joined EUROPEX — Association of European Energy Exchanges in October 2019. This membership connects UEB to the broader European energy exchange ecosystem and provides access to best practices, cooperation with other European energy exchanges, and alignment with EU energy market standards.
• American Chamber of Commerce in UkrainecoreStrategic or Co-development PartnerUkrainian Energy Exchange is a member of the American Chamber of Commerce in Ukraine. This membership supports business networking, provides access to US-Ukraine business relations, and enhances the exchange's credibility among international investors and companies operating in Ukraine.
• European Business Association (EBA)coreStrategic or Co-development PartnerUkrainian Energy Exchange is a member of the European Business Association. This membership facilitates engagement with European business community, supports regulatory dialogue, and enhances the exchange's profile among European market participants.
• Association 'Exchange and Electronic Platforms'moderateStrategic or Co-development PartnerUkrainian Energy Exchange is a member of the Association 'Біржові і електронні майданчики' (Exchange and Electronic Platforms Association), representing the Ukrainian exchange and electronic platform community.
• Prozorro.Sale SystemcoreChannel Partner/ Reseller/ DistributorUkrainian Energy Exchange is a participant in the Prozorro.Sale system as an accredited electronic trading platform (майданчик). This allows the exchange to conduct public procurement auctions and asset sales as part of Ukraine's transparent public procurement ecosystem.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Nord Pool: Nord Pool runs the leading Nordic and Baltic power markets, offering day-ahead and intraday auctions analogous to UEB's electricity auction infrastructure. Comparable as a regional power exchange operator with similar auction-based price discovery.
• EPEX SPOT: EPEX SPOT operates the day-ahead and intraday electricity spot markets across multiple European countries. UEB's ETP module for standardized natural gas products (incl. day-ahead/intraday) and EPBETS electricity bilateral platform closely mirror EPEX's spot exchange model.
• European Energy Exchange (EEX): EEX is a leading European energy commodities exchange operating spot and derivatives markets across power, natural gas, emissions, and agricultural products. UEB is a fellow EUROPEX member operating a similar multi-commodity energy exchange model, making EEX the most directly comparable European peer.

Regional players

• HUPX (Hungarian Power Exchange): HUPX operates Hungarian day-ahead and intraday electricity markets and is a fellow EUROPEX member. Comparable regional power-spot exchange with similar auction-based trading infrastructure for Central/Eastern Europe.
• OPCOM (Romania): OPCOM is the Romanian electricity and gas market operator running day-ahead, intraday, and bilateral markets. A direct functional peer for UEB given overlapping regional context and similar wholesale energy market structure.
• Polish Power Exchange (TGE): TGE operates electricity, natural gas, and property auctions in Poland, an immediate neighbor to Ukraine. Highly comparable in product scope (electricity + gas spot/auction) and serves as the most relevant Central European regional peer.
• SEEPEX (Serbian Power Exchange): SEEPEX operates the Serbian day-ahead electricity market with EU support. Functionally analogous to UEB's electricity auction modules and representative of comparable emerging European power exchange models.
• Bursa Română de Mărfuri (Romanian Commodity Exchange): BRM is a licensed Romanian commodity exchange trading energy, agricultural, and other commodities — a direct functional analogue to UEB as a national multi-commodity licensed exchange in a neighboring Eastern European market.

Broad incumbents

• Intercontinental Exchange (ICE): ICE operates global energy, agricultural, and commodities futures/exchange markets including oil, gas, power, and emissions. A broader incumbent with overlapping energy exchange functionality relevant for competitive and scale benchmarking.
• CME Group: CME Group is a leading global derivatives exchange offering energy, agricultural, and commodity futures. Relevant as a broad incumbent peer with overlapping commodity exchange infrastructure across energy resources.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ukrainian-energy-exchange

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ukrainian Energy Exchange