Polish Power Exchange
|Headquarters:||ul. Książęca 4, 00-498, Warsaw, Poland|
|Date of foundation:||1999|
|Traded commodities and traded volumes in 2015:||Electricity
Electricity spot market volumes: 25,140,254 MWh
Total electricity trading volume: 186,702,484 MWh
Natural gas spot market: 13,925,081 MWh
Total gas trading volume: 106,868,146 MWh
New members: 414
Total number of members: 2539
|Current number of employees (April 2016):||91|
|Annual report(s):||TGE 2015 Annual Report|
TGE (Polish Power Exchange) has been established in 1999, and since then it has been one of the main participants in the liberalisation process of the electricity and natural gas markets in Poland by creating the opportunity for transparent wholesale trade. In 2003, as the first and only one so far, the company obtained a licence from the Financial Supervision Authority to operate a commodity exchange. From February 2012, TGE has been a part of the Warsaw Stock Exchange which holds 100 percent of shares in the company’s capital. The operation of TGE is under constant supervision of the Financial Supervision Authority which provides all market participants with confidence and security of trade conducted on all markets offered by the exchange, i.e. electricity market, market for natural gas, property rights and CO2 emission allowances.
TGE in terms of product portfolio is similar to the most developed exchanges in the EU market. A constant strive for adjusting products offered to the expectations of the market results in the increase in trading volumes and a steady growth of the significance of the exchange as a platform for concluding transactions in the wholesale market in Poland.
Today, TGE members can trade in one place in electricity, natural gas property rights which constitute an element of renewable energy sources, cogeneration, energy efficiency support system as well as guarantees of origin and CO2 emission allowances. TGE conducts both physical forward and spot markets for electricity and natural gas. Currently, it has also introduced an esential market for electricity.