Admission Of Exchange Members

Admission Of Exchange Members

PRECONDITION: TO BE REGISTERED IN A WHOLESALE ELECTRICITY MARKET REGISTER & TO BE A BALANCING RESPONSIBLE PARTY (BRP) OR TO DELEGATE THE BALANCING RESPONSIBILITY TO ANOTHER BRP

The procedure for registration in the above Register can be found on the following link

Registration procedure for Organized Electricity Market

1. Submit the application form with a copy of your issued license and Registration certificate issued by the Central Registry
2. After the verification of the documentation by MEMO, you will receive a notice of admission to the organized market with a completed model contract and an invoice for admission. The signed contract should be delivered to MEMO in 4 copies.
3. Welcome to the organized electricity market

Additional tools needed for active trading:

• Based on your trading plans you will be asked for collaterals in a form of bank guarantees or cash deposits.
• If your traders have any certification issued by the market that uses the EPEX Spot trading platform they will be certified to a MEMO DAM. Otherwise, training and examination will be carried out by MEMO. Training and examination are free of charge for our members.
• If your traders have any certifcation issued by the market that uses the M7 ComTrader trading platform they will be certified to a MEMO IDM. Otherwise, traning and excamination will be carried out by MEMO. Training and examination are free of charge for our members.
• To access the clearing portal, you will need a digital certificate issued by the Certificate Authority.
• You will be provided with the Rules and regulations of the MEMO Organized Electricity Market, additional manuals, and installation of the trading platform needed for trading.