Record turnover at the natural gas market and an increase of turnover on the electricity market
• The trade volume for natural gas in July was the highest in 2017. In total, it amounted to 15,131,007 MWh, namely 225.7 per cent more than in July 2016.
• The trade volume with electricity in July amounted to 8,643,035 MWh and was by 2.6 per cent higher in comparison to July 2016.
• The total trade volume for property rights for electricity amounted to 4,875,805 MWh in July. It means an increase by 59.9 per cent in comparison to July 2016.
Natural gas
The volume of transactions concluded on natural gas markets in July totalled 15,131,007 MWh, which translates to a YoY growth by 225.7 per cent. On the Commodity Forward Instruments Market with Physical Delivery (CFIM), the volume reached 14,174,229 MWh of gas, which represents a growth by 287.4 per cent and constitutes the highest volume in the last two years.
On the Day-Ahead and Intraday Market (DAM&IDMg) the volume totalled 956,778 MWh i.e. was by 3.0 per cent lower YoY. The spot market constituted of 767,112 MWh traded on DAMg (increase by 0.7 per cent YoY) and 189,666 MWh on IDMg (decrease by 15.4 per cent YoY).
The weighted average price on DAM&IDMg in July increased to 69.27 PLN/MWh in comparison to June. At the Commodity Forward Instruments Market with Physical Delivery, the average contract price with delivery in 2018 (GAS_BASE_Y-18) amounted to 78.20 PLN/MWh, by 0.99 PLN/MWh more than in June.
Electricity
In July, the volume of electricity trade at TGE totalled 8,643,035 MWh, and was higher by 2.6 per cent than in July 2016. On the spot market, the volume dropped on a year-on-year basis by 6.8 per cent (to 1,921,292 MWh) and on CFIM there was an increase by 5.7 per cent YoY (to 6,721,743 MWh).
In July, the weighted average price of the BASE contract on the Day Ahead Market was 156.66 PLN/MWh - by 2.61 PLN/MWh higher than the previous month's level. On the CFIM, the weighted average price of the contract with base load delivery in 2018 (BASE_Y-18) averaged 164.22 PLN/MWh, which means an increase by 0.65 PLN/MWh comparing to the quotations of this contract in June.
Property rights
The total trade volume for property rights for electricity amounted to 4,875,805 MWh in July. It means an increase by 59.9 per cent in comparison to July 2016.
The volume of trade in green certificates alone (PMOZE and PMOZE_A instruments on the Property Rights Market and instruments traded on the CFIM) amounted to 1,998,740 MWh, higher by 7.3 per cent than in July 2016. The weighted average price for the PMOZE_A instrument traded during the PRM sessions was 31.17 PLN/MWh, i.e. was higher by 6.79 PLN/MWh than in June.
The main factor affecting increase of the property rights trade volume was trade with red certificates. It increased nearly three times YoY (by 191.9 per cent) to 2,407,417 MWh. The average session price PMEC-2017 did not change in comparison to June 2017, reaching the level of 9.70 PLN/MWh.
The July volume for blue certificates reached 84,842 MWh. The majority - 62,208 MWh constituted the session turnover with weighted average price falling by 67.52 PLN/MWh MoM, to 302.05 PLN/MWh.
The volume for property rights related to energy efficiency totalled 19,202 toe (of which 17,062 toe for the PMEF instrument), against 76 toe in July of last year. The weighted average price during market sessions for the PMEF instrument decreased by 64.83 PLN/toe, to the level of 844.93 PLN/toe.
Guarantees of Origin Register
In July 2017, the volume of transactions concluded in the Guarantees of Origin Register totalled 24,523 MWh, with a weighted average price of 0.64 PLN/MWh.
New participants
At the end of July 2017, 70 companies enjoyed the status of the member of the Commodity Market (CM).
As at 31 July 2017, the Certificate of Origin Register maintained by Towarowa Giełda Energii had 3270 members with 28 of them joining in the month of July.
There are 312 entities registered as the members of the Guarantees of Origin Register.
Press release (pdf).