On 28 June 2019, TGE launched its new website www.tge.pl. The decision to rebuild the website has been driven by the need to ensure a consistent image of the Exchange within the WSE Group, to keep up with current trends, and the opportunity to optimise. The website has also been adapted to a mobile version, which allows intuitive navigation while using smartphones or tablets.
New features on the homepage
The new website also provides easy access to a lot of data and information straight from the homepage. Membership sub-pages for the Commodity Market, COR, GOR, FIM contain clear links for those applying for membership as well as for those wishing to broaden the scope of their membership in the Commodity Market. All regulations being in force on TGE have been gathered in one easily visible place. The Exchange Data sub-page has also been created, which includes statistics in the form of monthly and annual reports as well as periodic RES prices. Additionally, users will be able to subscribe, from the homepage level, to the TGE Newsletter, the content and layout of which will change with the launch of the new website.
Changes in TGE indices
With the launch of the new website, TGE has introduced a number of changes to the indices, which had been announced in previous years. Specifically, Peak (delivery between 7:00 and 22:00) and Offpeak (delivery between 00:00 and 7:00 and between 22:00 and 24:00) equivalents have been introduced for TGe24 and TGeBase indices. Consequently, four additional DAM indices have been created:
• TGePeak – the peak equivalent of TGeBase (arithmetic mean of the weighted average hourly prices of the peak period of a given delivery day (from 07:00 to 22:00), calculated on the basis of all hourly, block and weekend PEAK contracts),
• TGeOffpeak – the off-peak equivalent of TGeBase (arithmetic mean of the weighted average hourly prices of the off-peak period of a given delivery day (from 00:00 to 07:00 and from 22:00 to 24:00), calculated on the basis of all hourly, block and weekend OFFPEAK contracts),
• TGe15 – the peak equivalent of TGe24 (arithmetic mean of hourly prices of the peak period of a given delivery day (from 07:00 to 22:00) established as a single auction price at 10:30 a.m.),
• TGe9 - the off-peak equivalent of TGe24 (arithmetic mean of hourly prices of the off-peak period of a given delivery day (from 00:00 to 07:00 and from 22:00 to 24:00) established as a single auction price at 10:30 a.m.).
Property Rights Market indices with the “POLPX” tag covering jointly session and OTC transactions (OZEX_POLPX, OZEX_A_POLPX and BGX_POLPX) will no longer be effective on the new website as of 28 June. Meanwhile, the Property Rights Market indices covering the trading in so-called green certificates (OZEX, OZEX_TP, OZEX_A, OZEX_A, OZEX_A_TP) and trading in property rights to farm biogas certificates of origin (BGX and BGX_TP) will be renamed to, respectively, TGEoze, TGEozeTP, TGEozea and TGEozeaTP (green certificates) and TGEbg and TGEbgTP (farm biogas);
Market data repository
The new website provides a consistent repository of market data where market participants can obtain historical data from all markets operated by TGE, including values corresponding to the IRDN indices which are being discontinued, e.g. the IRDN24 index.
As the repository is being fine-tuned according to the comments received from the Exchange Members during the time when the new website was made available in a demo mode, the extended version will be launched in July this year. The extended version will include, among other things, data from the beginning of 2016 and Market Coupling data.
Public reports
The distribution of public reports concerning the trading on the CFIM, DAM, IDM, PRM, DAMg and IDMg by email will continue until 31 July 2019. As of 1 August 2019 the data will be available in the repository module.
TGE Newsletter
On 1 July, TGE will begin the distribution of the new TGE Newsletter. It will contain current market data in a new layout and graphic presentation.