The Cyprus Stock Exchange (CSE), acting as the clearing body for the competitive electricity market (CEM), on Monday announced the launch of a certification process for energy clearers.

The process includes an online seminar on July 3, 2025, which will cover the clearing terms of the competitive electricity market, followed by a written examination scheduled for July 15, 2025.

The certification of energy clearers is a mandatory requirement for entities seeking registration as Clearing Members within the market.

The CSE emphasised that applications to become a clearing member in the competitive electricity market should be submitted as soon as possible.

The exchange also stated that the approval and completion of the necessary procedures for the activation of clearing members involve multiple stages and require the involvement of other competent authorities beyond the CSE.

Those wishing to participate in the seminar and written examination must submit their applications by July 2, 2025, by sending a request to the email address [email protected].

Applicants are also required to pay a fee of €150 upon submission of their application.

The fee can be deposited into one of the following CSE bank accounts.

For the Bank of Cyprus Public Company Ltd, the Swift Code is BCYPCY2N, the Account Number is 0120-05-020334-00, and the IBAN is CY83-0020-0120-0000-0005-0203-3400.

For Hellenic Bank Public Company Ltd, the Swift Code is HEBACY2N, the Account Number is 106-11-033879-00, and the IBAN is CY07-0050-0106-0001-0611-0338-7900.

To assist candidates in their preparation, the CSE has published the topics that will be presented during the seminar and examined in the written test.

The subjects include Appendix 1.3 of the CEM Regulations titled “Market Clearing Position Terms”, Sub-Appendix 1.3.1 covering “Risk management procedures within the Clearing System and related matters”, and Sub-Appendix 1.3.2 outlining the “Procedure for imposing measures against the Clearing Members of the Cyprus Electricity Market”.

Additionally, candidates are expected to study several technical procedures of the CSE.

These include Technical Procedure No. 1 on acquiring and resigning from Clearing Member status and related issues, Technical Procedure No. 2 on the monetary settlement procedure, Technical Procedure No. 3 on the professional competence of Clearing Members, and Technical Procedure No. 4 on the Default and Crisis Management Committee of the Electricity Market.

All these materials are available on the official website of the Cyprus Stock Exchange at www.cse.com.cy under the electricity market eegulations section. The written examination will take the form of a multiple-choice test.