In November this year the trading volume in all dedicated electricity markets on the Polish Power Exchange (POLPX) was 15,472 TWh - this is the highest value from the beginning of 2011. It composes month-to-month increase in electricity trading volume by 75.56%.
Taking into account the period from January to November, the volume of energy contracted on the POLPX in 2011 was 111,354 TWh, which is an increase by more than 80% compared to the same period last year. This value significantly exceeds the statutory limit, which proves that Polish producers direct most of their production to the POLPX trading floor. Electricity trading in October 2011.
"It proves the maturity of the polish energy market and its commitment to operate in line with the rules of the transparent competition. It is also an accomplishment of the POLPX corporate group. We have provided our members with a trade-friendly marketplace, which is quick, effective and inexpensive." - said Grzegorz Onichimowski, CEO of the Management Board of POLPX
In the past month once again a high share of all POLPX markets dedicated to electricity in the total hourly demand of the National Power System was recorded. On average it amounted to 70,89% with a minimum of 58.13% and a maximum of 99,5%. This prooves the great importance of POLPX on the polish power market and strengthens POLPX's position in the internetional arena, which is particularly important in building a common European Energy Market by 2015.
Day-Ahead Market (DAM)
Electricity trading in the day-ahead delivery on the POLPX trading floor amounted to 1,770 TWh in November 2011 (1,465 TWh - October 2011). It composes month-to-month increase by 21.06% and increase as many as by 83.27% taking year-to-year ratio in consideration.
Average daily trading volume was at the level of 44 724 MWh, with a minimum value of 44 724 MWh and a maximum value of 79 441 MWh.
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 240.41 PLN/MWh (month-to-month increase by 28.71 PLN). The monthly PEAK price, counted as the by-volume-weighted average for all transactions, which had been concluded on the Day-Ahead Market for hours between 8 a.m. and 10 p.m., amounted to 269.55 PLN/MWh (month-to-month increase by 35.99 PLN).
The DAM share in the total hourly electricity demand in the National Power System was 12.95% on average (10.80% in October 2011), with a minimum of 6.91% and a maximum of 24,86%.
The Commodity Derivatives Market (CDM)
In November 2011 the electricity trading volume on the Commodity Derivatives Market amounted to 13,697 TWh - this is the highest volume this year. In comparison with the preceding month, the trading volume on the CDM increased by 86.73%.
Just as in last months of 2011, the most liquid contract was the annual contract with BASE electricity delivery profile in 2012. The total trading volume for the BASE_Y-12 contract amounted to 9,644,832 MWh (1 098 MW) - which composes 72.27% of the CDM total trading volume. From the beginning of trading this contract on the POLPX trading floor, the total trading volume was 66,380,688 MWh. In November 2011 the average price for the BASE_Y-12 contract was shaped at the level of 201.93 PLN/MWh (month-to-month dropp by 0.23 PLN).
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