KOREM JSC fixes uncertified electricity market software ahead of deadline

A state audit revealed that KOREM JSC’s settlement software for the electricity balancing market lacked proper certification. The system had never been fully commissioned, raising concerns over oversight and reliability. Authorities ordered the company to resolve the issue by March 2026. The Supreme Audit Chamber identified serious flaws in KOREM JSC’s operations. Its settlement centre software, critical for the balancing market, remained uncertified and non-functional. This left the system vulnerable to technical failures, cybersecurity threats, and a lack of state control.

Uncertified software also risked undermining trust among market participants. Without proper safeguards, transparency and reliability suffered. In response, the audit body set a strict deadline for compliance. KOREM JSC completed the directive well ahead of schedule. The company fully implemented and certified the system, bringing it into operation sooner than required.

The newly certified system strengthens the balancing market’s reliability. It reduces cybersecurity and technical risks while improving transparency. State oversight and participant confidence are now better protected.