Towarowa Giełda Energii retained the status of a Nominated Energy Market Operator (NEMO)

• On 2 December, the President of the ERO designated TGE as the Nominated Electricity Market Operator (NEMO) to implement the single price market coupling of the European day-ahead and intraday electricity markets for the Polish pricing area.
• For the first time, TGE was granted the NEMO’s rights on 2 December 2015. As the licence is about to expire, the Exchange has again applied to the President of the Energy Regulatory Office for this status.
• The main benefits of TGE’s participation in the market coupling process include the visibility of the bids and offers of the Exchange Members throughout Europe, effective allocation of transmission capacity and lower price of electricity not only in wholesale transactions but also for the end user.

The President of the Energy Regulatory Office approved the application for the nomination as the electricity market operator (NEMO) submitted by TGE. This means that the Exchange has once again met all the requirements set forth in the Network Code – CACM Regulation and will continue to act as a NEMO for the Polish pricing area and participate in the cross-border mechanism for day-ahead and intra-day market coupling (SDAC-PCR and SIDC-XBID respectively). The NEMO nomination for TGE covers a period of four years, i.e. until December 2023.

The principal task of TGE as a NEMO is to ensure undisturbed development and effective functioning of the EU’s internal market for electricity. To achieve the above objective, the NEMO will have to perform additional obligations, including: the development and maintenance of algorithms, systems and procedures related to the transboundary market coupling mechanism together with other NEMOs, processing of collected input data regarding the available transboundary capacity and, ultimately, its efficient allocation at congestion points and electricity price setting.

Poland has implemented the competitive MNA NEMO model. Apart from TGE, the rights to operate on the Polish market were granted in 2016 for 4 years to two other exchanges which have not as yet undertaken any operating activities and will probably enter the market in the first half of 2020.