Summary of trading activity at TGE in September 2025

In September 2025, the volume of trading in property rights for electricity generated from RES reached nearly 1.9 TWh, an increase by 93.0 per cent compared with August this year and by 27.8 per cent compared with September last year.

Summary of trading activity at TGE in August 2025

At the end of August this year, the cumulative year-to-date natural gas trading volume since the beginning of 2025 totalled 138.6 TWh, already surpassing the annual results for 2023 and 2024 of 133.1 TWh and 136.7 TWh, respectively.

Summary of trading activity at TGE in July 2025

Electricity volume traded on the Intraday Market increased by 20.3 per cent in July 2025 when compared to the June level, and by 88.4 per cent comparing to July 2024, reaching 316,800 MWh. This has been the highest result since the beginning of 20...

Summary of trading activity at TGE in June 2025

The volume of trading in gas forward contracts with physical delivery in June totalled nearly 22 TWh, as the upward trend observed in recent months continued. This is also the highest monthly result since September 2021 (23.2 TWh). The volume of...

Summary of trading activity at TGE in May 2025

In May, the volume of gas spot trading reached nearly 3 TWh, as much as a threefold increase y/y (by 205.5 per cent). Thereby, the monthly volume in this market exceeded the level of 2 TWh for the first time in a non-winter month other than Apri...

Summary of trading activity at TGE in April 2025

Volumes of trading in gas forward contracts with physical delivery continued to grow in April 2025. Total volume reached almost 17.4 TWh, the highest level since September 2021 (up by 43.7 per cent m/m and by 132.3 per cent y/y). The gas market as...

Summary of trading activity at TGE in March 2025

March 2025 saw a significant increase in forward trading volumes. The volume of electricity traded on the EFM went up by 15.2 per cent y/y and by 81.8 per cent m/m, to nearly 7.4 TWh, while the natural gas volume traded on the GFM increased by 53....

 

Monthly indicies

Towarowa Giełda Energii S.A. has defined four monthly indices based on the purchase/sale prices of electricity on the Day-Ahead Market. The first - TGeBASE_WAvg - corresponds to the monthly volume-weighted average price on the DAM and indicates the average price of electricity contracted on this market in a given month. The second - TGeBASEm - is calculated as a simple arithmetic average of volume-weighted average hourly prices, taking into account only transactions for hourly DAM instruments.

The other two monthly indices - TGeONSHOREm and TGePVm - are constructed similarly to TGeBASEm, but based on standardised profiles of electricity production relating to individual delivery hours in a given month and relative to the entire delivery day. TGeONSHOREm  is calculated with weights indicating the efficiency of electricity generation from onshore wind sources in the territory of Poland, while TGePVm refers to the analogous distribution of production from photovoltaic sources.

These indices are defined and described in the document "Rules for calculation and publication of TGE’s monthly indices", while their values appear in the spreadsheet attached below.

 


Monthly reports

Reports including data in the following order of topics: electricity market (DAM, IDM and CFIM), sessions on Property Rights Market, Register of Certificates of Origin, OTC transactions on Property Rights Market, Register of Guarantees of Origin, trading in green certificates on CFIM, CO2 Emission allowances market, trading in natural gas (CFIM and DA&IDM), Polish Steam Coal Market Index.

Annual reports:

Article 47 of the Act on Renewable Energy Sources

TGE, in accordance with its obligation under Article 47 section 3 of the Act on Renewable Energy Sources, publishes monthly and annual average prices for the particular types of property rights. These are calculated as volume weighted averages for session transactions concluded on TGE, according to Article 47.

Prices for particular monthly validity period (monthly prices) concern session transactions concluded in the previous three calendar months, in turn prices for particular annual validity period (annual prices) concern session transactions concluded in the previous calendar year.

Monthly and annual prices shall be published the first business day of relevant validity period, not later than 6 pm.

Applicable period Monthly price of PMOZE and PMOZE_A (PLN/MWh) Monthly price of PMOZE-BIO (PLN/MWh)
 October 2025  26,01 300,13
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Applicable period Annual price of PMOZE and PMOZE_A (PLN/MWh) Annual price of PMOZE-BIO (PLN/MWh)
 2025  48,22 302,34

 

Price of GAS_BASE_Y-23 instrument for the period up to 21.12.2022 GAS_BASE_Y-23 - the volume-weighted average price in the period until 21.12.2022 (Article 25(1) of the Act on special protection of certain consumers of gaseous fuels in 2023 in connection with the situation on the natural gas market)

Towarowa Giełda Energii (TGE), in performance of its obligation under Article 81(2) of the Act of 15 December 2022 on special protection of certain consumers of gaseous fuels in 2023 in connection with the situation on the natural gas market (Journal of Laws 2022, item 2687), provides information on the average price referred to in Article 25(1) of the above-mentioned Act. The volume-weighted average price of an annual contract with natural gas delivery in the calendar year 2023 (code GAS_BASE_Y-23), in the period from the beginning of its trading (31.12.2020) until and including the date of entry of the above Act into force (21.12.2022), rounded up to PLN 0.01/MWh is 343.86 PLN/MWh.

 

GAS_BASE_Q-1-23 – weighted average price for the period up to 31.12.2022 (in accordance with Regulation of the Council of Ministers on the method of determining the amount of gas-related write-off for Price Difference Payment Fund (Polish: Fundusz Wypłaty Różnicy Ceny) Dz.U.30.12.2022.2868)

TGE announces the value of the volume-weighted average price of transactions in GAS_BASE_Q-1-23 quarterly contracts in the period from the beginning of quotation of the instrument until 31.12.2022, i.e. the entry into force of Regulation of the Council of Ministers on the method of determining the amount of write-off for Price Difference Payment Fund applicable to natural gas. The volume-weighted average price of a quarterly contract with natural gas delivery in the first quarter of the calendar year 2023 (code GAS_BASE_Q-1-23), in the period from the beginning of its quotation (31.12.2021) until the date of entry of the above Regulation into force (31.12.2022), rounded up to PLN 0.01/MWh is 783.97 PLN/MWh.

 

Cr – weighted average price referred to in Article 31a(2) of the Act on special protection of certain consumers of gaseous fuels in 2023 and 2024 in connection with the situation on the natural gas market

Towarowa Giełda Energii (TGE), in performance of its obligation under Article 81(3) of the Act of 15 December 2022 on special protection of certain consumers of gaseous fuels in 2023 and 2024 in connection with the situation on the natural gas market (Journal of Laws 2022, item 2687), provides information on the average price referred to in Article 31a(2) of the above-mentioned Act („Cr” price). The volume-weighted average price of forward contracts with natural gas delivery in the calendar year 2022, traded in the period from 01.10.2021 until 31.12.2022 on the organised trading facility operated by TGE, excluding GAS_BASE_S-W-22 instrument, rounded up to PLN 0.01/MWh is 474.17 PLN/MWh.

Publication of the Register of Guarantees of Origin (RGP) – Obligations Specified in the Act of 20 February 2015 on Renewable Energy Sources (Journal of Laws 2015, item 478)

1. Towarowa Giełda Energii S.A. (Polish Power Exchange), in fulfilment of its obligation set out in Article 124(13) of the Act of 20 February 2015 on Renewable Energy Sources, informs that:

2. Towarowa Giełda Energii S.A., in fulfilment of its obligation set out in Article 124a(7) of the Act of 20 February 2015 on Renewable Energy Sources, informs that:

3. In accordance with its obligation under Article 125a(1) of the Act of 20 February 2015 on Renewable Energy Sources, Towarowa Giełda Energii S.A. hereby informs that the annual residual energy mix for the settlement year from 1 April 2024 to 31 March 2025 amounts to 137 595 744 MWh (value rounded to 1 MWh).

The Pen parameter has been calculated as the total amount of electricity generated and supplied to the distribution or transmission grid based on data received from the TSO (Polskie Sieci Elektroenergetyczne S.A.) and electricity delivered via direct lines based on data received from the Energy Regulatory Office.

 

 

RP - monthly reference prices (Article 8(7) of the Act on Emergency Measures to Cap Electricity Prices and Support Certain Consumers in 2023)

 

As of 10 November 2022, in fulfilment of its obligations set out in the Act on Emergency Measures to Cap Electricity Prices and Support Certain Consumers in 2023 (Journal of Laws 2022, item 2243), Towarowa Giełda Energii (TGE) started publishing monthly reference prices (RP) as defined in Article 8(7) of the aforementioned Act.

The prices, rounded to PLN 0.01/MWh, can be found in the enclosed PDF file. The reference price for the last month will be published in accordance with Article 8(8) of the aforementioned Act, i.e. by the fifth day of the month, for the period between 1 December 2022 and 31 December 2023.