Summary of trading activity on TGE markets in June 2018 Print +

Summary of trading activity on TGE markets in June 2018
Highest-ever volume of trade in Guarantees of Origin

•    In June 2018, the volume of transactions concluded in the Guarantees of Origin Register totalled 1,407 848 MWh which is the highest-ever value in the history of TGE.
•    The volume of electricity traded at TGE in June totalled 18,237,203 MWh, and was higher by 111.3 per cent than in June 2017. On the Commodity Forward Instruments Market with Physical Delivery (CFIM), the volume grew by 138.1 per cent YoY reaching 16,136,647 MWh.
•    The volume of transactions concluded on natural gas markets in June totalled 9,981,235 MWh, which translates to a YoY increase by 6.7 per cent. On the CFIM, the volume of gas traded reached 9,244,285 MWh, which represents a YoY growth by 9.9 per cent.
•    The volume of electricity property rights traded in June totalled 5,366,810 MWh and was higher by 27.9 than in June 2017.

Electricity

The volume of electricity traded at TGE in June totalled 18,237,203 MWh, and was higher by 111.3 per cent than in June 2017. On the Commodity Forward Instruments Market with Physical Delivery (CFIM), the volume grew by 138.1 per cent YoY reaching 16,136,647 MWh. On the spot market, on the other hand, the volume grew by 7.5% YoY and totalled 2,212,271 MWh.

The weighted average price of the BASE contract on the Day Ahead Market in June was 233.97 PLN/MWh going up by 3.34 PLN/MWh above its May level. On the CFIM, the price of the contract with base load delivery in 2019 (BASE_Y-19) averaged 206.65 PLN/MWh, which means a drop by 4.08 PLN/MWh comparing to the quotations of this contract in May.

Natural gas

The volume of transactions concluded on natural gas markets in June totalled 9,981,235 MWh, which translates to a YoY increase by 6.7 per cent. On the CFIM, the volume reached 9,244,285 MWh, which represents a YoY growth by 9.9 per cent. On the Day-Ahead and Intraday Market the (DAM&IDM), the volume totalled 736,950 MWh, i.e. was 22.1 per cent lower than in June 2017. The spot market volume was constituted by 490,488 MWh traded on DAMg (decrease by 25.3 per cent YoY) and 246,462 MWh on IDMg (decrease by 14.7 per cent YoY).

The weighted average price on DAM&IDMg in June increased to 99.99 PLN/MWh, which means that it was higher by 2.34 PLN/MWh than more in May 2018. On the CFIM, the weighted average price of a contract with delivery in 2019 (GAS_BASE_Y-19) was 97.26 PLN/MWh, i.e. 2.24 PLN/MWh below the May level.

Property Rights

The volume of electricity property rights traded in June totalled 5,366,810 MWh and was higher by 27.9 than in June 2017. The volume of trade in green certificates (PMOZE and PMOZE_A instruments on the Property Rights Market) amounted to 2,525,077 MWh, exceeding the June 2017 level by 10.3 per cent. The weighted average price for the PMOZE_A instrument traded during the PRM sessions was 72.62 PLN/MWh, i.e. was lower by 5.05 PLN/MWh than in May 2018.

The volume for property rights related to energy efficiency totalled 16,935 toe (of which 14,773 toe for the PMEF instrument), which means a decrease by 31.9 per cent year-on-year. The weighted average price during market sessions for the PMEF instrument went down by 70.29 PLN/toe MoM, to the level of 645.37 PLN/toe.

Guarantees of Origin Register

In June 2018, the volume of transactions concluded in the Guarantees of Origin Register totalled 1,407 848 MWh which is the highest-ever value in the history of TGE. The weighted-average price for transactions in June was 0.39 PLN/MWh.

Steam coal

The steam coal price index PSCMI 1, based on the ex-works pricing data for supplied by the Industrial Development Agency (ARP) for utility and industrial power generation sector at the end of May 2018 stood at 237.20 PLN/t, which represents a decrease by 0.43 per cent comparing to April, while the price per 1 GJ of electric power went up down 0.56 per cent to 10.73 PLN/GJ. Meanwhile, the PSCMI 2 index which reflects prices for industrial and municipal CHP plants increased by 2.84 per cent in the same period reaching 303.05 PLN/t. The index value per unit of energy increased by 2.48 per cent reaching 12.41 PLN/GJ.

The change of monthly indices as compared to May 2017 was 28.56 PLN/t for PSCMI 1 (increase by 13.69 per cent) and 70.63 PLN/t for PSCMI 2 (increase by 30.38 per cent).
The price per 1 GJ increased YoY, respectively, by 1.52 PLN/GJ (16.5 per cent) and 2.55 PLN/GJ (25.86 per cent).

New participants

At the end of June 2018, 74 companies enjoyed the status of the member of the Commodity Market (CM).

As at 30 June 2018, the Certificate of Origin Register maintained by Towarowa Giełda Energii had 3,635 members with 50 of them joining in the month of June.

There are 381 entities registered as the members of the Guarantees of Origin Register.

Press release (pdf).

Kurier TGE

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