Electrabel adds liquidity to the Polish power market
The Polish subsidiary of Belgium’s Electrabel will offer a choice market to the Polish power market to encourage liquidity from September this year.
Grzegorz Gorski, managing director of Electrabel Polska, announced that Electrabel will offer to buy or sell a maximum of 25 MW on the Day-ahead Baseload market to the first bidders to request it.
The market will provisionally take place between 09.00 (CET) and 09.05, at a price based on the Day-ahead market and trading on the PPX at that time. Janusz Oleksak, a trader for Electrabel, told The Heren Report that the company had chosen that time as it enabled traders to deal those volumes on the Day-Ahead market in Poland, which operates between 08.00 and 10.30 (CET). Nomination for delivery closes at 12.00 (CET) for Day-ahead contracts.
However, this is open for consultation with other traders in the Polish market to ascertain the best time before the launch.
Trades will have a minimum volume of 5 MW, and live information will be available on its website: www.electrabel.com/trading
The offer is only open to its counterparts under the European Federation of Energy Traders (EFET) standard contract in Poland, which Gorski hoped would encourage other traders to join.
Other trader delegates at the Energy Trading Central and Eastern Europe 2006 conference in Warsaw were rather mystified, with one describing it as “strange”, but Electrabel representatives pointed to the success of its Belgium choice market. ZD
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