The Biomass Exchange is an online trading venue operating according to the set rules and providing buyers and sellers with an opportunity to finalise contracts electronically in the Biomass Product Exchange. The Biomass Exchange operates as the central venue in which market participants – sellers (suppliers of biomass) and buyers (normally heat production companies) – meet anonymously. By means of the trading system of the exchange, the participants can quickly and easily sell their products and purchase the required quantity of biomass.
The main objective of the Biomass Exchange is to promote competition in the biomass market and to ensure conditions for the formation of transparent, objective, and economically substantiated prices of traded products.
In 2012, legal regulation for the establishment and operation of the exchange was developed and a system for finalising small-scale, short-term contracts of purchase and sale of biomass was implemented. Following comprehensive analysis and evaluation of the practices in the biomass market, in the summer of 2013 BALTPOOL UAB implemented an improved trading model intended for organising long-term supplies.
A clear system: