• The volume of electricity traded at TGE in September totalled 30,753,385 MWh, and was higher by 145.7 per cent than in September 2017.
On the Commodity Forward Instruments Market with Physical Delivery (CFIM), the volume grew by 167.4 per cent YoY reaching 28,615,307 MWh. These are the best results since November 2010.
• The volume of transactions concluded on natural gas markets in September totalled 19,411,725 MWh (of which 18,557,774 MWh on the CFIM), which represents an increase by 39.6 per cent YoY comparing to September 2017 and the best result in 2018.
• The volume of electricity property rights traded in September totalled 4,073,419 MWh and was higher by 20.9 than in September 2017.
Electricity
The volume of electricity traded at TGE in September totalled 30,753,385 MWh, and was higher by 145.7 per cent than in September 2017. On the Commodity Forward Instruments Market with Physical Delivery (CFIM), the volume grew by 167.4 per cent YoY reaching 28,615,307 MWh. On the spot market, on the other hand, the volume grew by 18.0% YoY and totalled 2,138,078 MWh. The total volume of trading in electricity and the volume of trading in this commodity on the CFIM has been the highest since November 2010.
The weighted average price of the BASE contract on the Day Ahead Market in September was 276.24 PLN/MWh going up by 10.51 PLN/MWh above its August level. On the CFIM, the weighted average price of the contract with base load delivery in 2019 (BASE_Y-19) reached 285.53 PLN/MWh, which means an increase by 44.09 PLN/MWh comparing to the quotations of this contract in August.
Natural gas
The volume of transactions concluded on natural gas markets in September totalled 19,411,725 MWh, which translates to a YoY growth by 39.6 per cent and represents the best result since the beginning of 2018. The trading volume on the CFIM amounted to 18,557,774 MWh and was higher by 48.5% year on year. On the Day-Ahead and Intraday Market the (DAM&IDM), the volume totalled 853,951 MWh, i.e. was 39.2 per cent lower than September 2017. The spot market volume was constituted by 496,464 MWh traded on DAMg (decrease by 55.4 per cent YoY) and 357,487 MWh on IDMg (increase by 23.3 per cent YoY).
The weighted average price on DAM&IDMg in July increased to 124.02 PLN/MWh, which means that it was higher by 15.92 PLN/MWh than in July 2018. On the CFIM, the weighted average price of a contract with delivery in 2019 (GAS_BASE_Y-19) was 118.10 PLN/MWh, i.e. higher by 11.67 PLN/MWh than in August.
Property Rights
The volume of electricity property rights traded in September totalled 4,073,419 MWh and was higher by 4.2 per cent comparing to the same month of last year. The volume of trade in green certificates (PMOZE and PMOZE_A instruments on the Property Rights Market) amounted to 2,310,060 MWh, exceeding the September 2017 level by 4.8 per cent. The weighted average price for the PMOZE_A instrument traded during the PRM sessions was 129.30 PLN/MWh, i.e. was higher by 3.85 PLN/MWh than in August 2018.
The volume for property rights related to energy efficiency totalled 17,493 toe (of which 15,495 toe for the PMEF instrument), which means a decrease by 71.0 per cent year-on-year. The weighted average price during market sessions for the PMEF instrument went up by 19.23 PLN/toe MoM, to the level of 691.39 PLN/toe.
Guarantees of Origin Register
In September 2018, the volume of transactions concluded in the Guarantees of Origin Register totalled 1,495,569 MWh (35-times increase YoY), for which the weighted average price amounted to 0.38 PLN/MWh (0.13 PLN/MWh less than in August of this year).
Steam coal
The steam coal price index PSCMI 1, based on the ex-works pricing data for supplied by the Industrial Development Agency (ARP) for utility and industrial power generation sector at the end of August 2018 stood at 248.44 PLN/t, which represents an increase by 4.34 per cent comparing to July, while the price per 1 GJ of energy went up by 3.16 per cent to 11.43 PLN/GJ. Meanwhile, the PSCMI 2 index which reflects prices for industrial and municipal CHP plants increased by 0.07 per cent in the same period reaching 301.60 PLN/t. The index value per unit of energy decreased by 0.56 per cent reaching 12.46 PLN/GJ.
The change of monthly indices as compared to August 2017 was 47.68 PLN/t for PSCMI 1 (increase by 23.75 per cent) and 56.94 PLN/t for PSCMI 2 (increase by 23.27 per cent).
The price per 1 GJ increased YoY, respectively, by 2.21 PLN/GJ (PSCMI 1 growth by 23.97 per cent) and 2.10 PLN/GJ (PSCMI 2 growth by 20.27 per cent).
New participants
At the end of September, 77 companies enjoyed the status of the member of the Commodity Market (CM).
As at 30 September 2018, the Certificate of Origin Register maintained by Towarowa Giełda Energii had 3673 members with 13 of them joining in the month of September.
Currently, there are 412 entities registered as the members of the Guarantees of Origin Register.
Press Release (pdf)
Summary of trading activity on TGE markets in September 2018 (pdf)