KOREM JSC secures electricity market software ahead of regulatory deadline

KOREM JSC has completed critical upgrades to its electricity balancing market software ahead of a regulatory deadline. The system previously operated without mandatory cybersecurity certification, raising concerns over reliability and oversight. The company has now addressed these issues under direction from the Supreme Audit Chamber. The Supreme Audit Chamber had ordered KOREM JSC to fully certify and commission its settlement centre software by March 31, 2026. The uncertified system posed multiple risks, including gaps in state supervision, potential technical failures, and weakened trust among market participants.

KOREM JSC met the requirements early, implementing measures to strengthen cybersecurity and operational stability. The upgrades will also improve transparency and allow for better state control over the balancing market. With the changes in place, the risk of disruptions and vulnerabilities has been reduced. The system now complies with regulatory standards, ensuring safer and more reliable market operations.

The early completion of the certification process means the electricity balancing market now operates under stricter security and oversight. Participants can expect fewer technical risks and greater confidence in the system’s integrity. The Supreme Audit Chamber’s directive has been fully satisfied ahead of schedule.