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.

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