In April this year total electricity trading volume on the Polish Power Exchange amounted to 13,748 TWh and it was higher in comparison with the preceding month by 25,46% (10,959 TWh in March 2011). Significant share in such success fell on electricity trading on the POLPX Commodity Derivatives Market, which in April 2011 amounted to 11,973 TWh, what composes month-to-month increase by 28,63% as well as trading volume on the Day-Ahead Market, which increased by 7,54% (and as many as 313,24% year-to-year increase), reaching thereby the highest volume during over 10-year history of the POLPX.

The Day-Ahead Market (DAM)

In April 2011 the electricity trading volume with the day-ahead delivery on the POLPX trading floor amounted to the top-level value of 1,776 TWh. In comparison with the preceding month the DAM trading volume increased by 7,54% and as many as by 313,24% taking year-to-year ratio in consideration. Average daily trading volume remained at the level of 59 198 MWh, with minimum value of 39 824 MWh and maximum value of 84 860 MWh.

April has appeared to be consecutive month, on the grounds of which it could be assumed that the basic electricity trading market, what the DAM market is, is strengthening its position on the electricity business market in Poland. The DAM share in total hourly electricity demand amounted to - in average - 14,44 (11.91% in March), with minimum value of 5,43% and maximum value of 32,12%.

Fact of permanent increase of the trading volume is of great importance for the process of integration of Polish power market with neighboring markets. Owing to strong basic market the Polish Power Exchange becomes active participant of the process of such changes.

The monthly BASE price, counted as the by-volume-weighted average for all transactions, which had been concluded on the Day-Ahead Market, amounted to 210,17 PLN/MWh (month-to-month increase by 6,17 PLN). The monthly PEAK price, counted as the by-volume-weighted average for all transactions, which had been entered on the Day-Ahead Market for hours between 8 a.m. and 10 p.m., amounted to 219,51 PLN/MWh (month-to-month increase by 4,41 PLN).

The Commodity Derivatives Market (CDM)

In April 2011 the electricity trading volume on the Commodity Derivatives Market amounted to 11,973 TWh. It composes month-to-month increase by 28,63%. In the same period last year there were no concluded transaction.

The trading structure noticed in April 2011 shows that the POLPX's members have continued contracting of electricity with delivery in the year of 2012. Just as in March 2011, the most liquid contract was the year contract with BASE electricity delivery profile in 2012 (delivery during all hours of the day) - BASE_Y-12. The total trading volume for that contract amounted to 8 256 960 MWh (940 MW) - what composes 68,96% of the CDM total trading volume. In April 2011 the average price for the BASE_Y-12 contract was shaped at the level of 203,43 PLN/MWh (month-to-month increase by 2,25 PLN).

With regard to execution of the contracts for given hour of the electricity delivery day share of all electricity-dedicated markets of the POLPX in total hourly demand of the National Power System in April 2011 amounted to 66,95% (in average) (63,88% in March 2011), with minimum value of 55,31% and maximum value of 87,87%.


Press realease (Acrobate Reader)

Monthly report for April 2011 available to download >>link