Total volume of natural gas traded on Polish Power Exchange rises by 435% y/y in Q1

By bne IntelliNews April 8, 2014

The total volume of all transactions made in Q1 of 2014 on the gas market of the Polish Power Exchange (TGE), including auctions, reached 1,025,778 MWh, growing by 434.97% y/y, with the spot market accounting for 88,579 MWh and the forward market for 937,199 MWh.
The volume of all transactions concluded on the gas market in March, including auctions, totalled 426 077 MWh, up by 79.75% m/m, TGE reported.
In Q1 of 2014, the volume of natural gas trade on the Day-Ahead Market for gas (DAMg) floor totalled 88,579 MWh (by delivery date). When compared to the figures for the same period of the previous year, the volume of gas trading on DAMg grew by 48.98%.
TGE also noted that in March, DAMg saw the lowest price ever since the launch of the gas market, with the daily GAS_BASE price calculated as the volume-weighted average price for all the transactions with delivery on Apr 1 standing at PLN 91.18 per MWh.
In Q1 of 2014, the volume of trade in natural gas on the Commodity Forward Instruments Market, including auctions, totalled 937,199 MWh (of which 357,450 MWh was the auction volume), which stands for an increase of 608.45% y/y. The entire volume in Q1 of 2014 comprised 99 transactions. The quarterly volume-weighted transaction price for all the transactions averaged 104.71 PLN/MWh.
In the entire 2013, in the gas market, the aggregate volume reached 2,393,418 MWh which corresponds roughly to 214,656,323 cu.m. of gas. TGE launched this market in the last days of 2012.

Related Articles

Latvia issues permits to new gas infrastructure holding

The Latvian Public Utilities Commission (SPRK) announced on January 5 that it has issued licences to Conexus Baltic Grid for the transmission and storage of gas. Conexus Baltic Grid will control ... more

Iran to seek arbitration over termination of gas flow from Turkmenistan

The National Iranian Gas Company (NIGC) intends to take its recent gas dispute with Turkmenistan to international arbitration, Mehr News Agency reported on January 4, citing ... more

CEZ ignores Czech finance minister and re-elects CEO

The supervisory board at Czech power group CEZ ignored pressure from the finance ministry to dump the current management, local media report. Finance Minister Andrej Babis has been accumulating ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss