On 6 May 2010, Tauron Polska Energia SA became a member of European Power Exchange EPEX Spot SE based in Paris. In line with the membership application filed by Tauron, the company was admitted to trade and may conclude transactions in day-ahead spot auctions with delivery on the German/Austrian TSO zones.
"Tauron's presence on the EPEX Spot SE is in line with the company's strategy which involves expansion of operations into Central and Eastern European markets. It is also in line with the project for Tauron's admission to electricity trading in those markets which has been approved for execution" - said Krzysztof Zamasz, Vice-President of the Board of Directors, Commercial Director at Tauron Polska Energia S.A.
To become a full member of European Power Exchange EPEX Spot SE, Tauron has also concluded agreements with a clearing company - European Commodity Clearing AG (ECC AG) based in Leipzig - for settlement of transactions on EPEX Spot SE as a non-clearing member, and with a clearing bank in Germany.
The EPEX Spot SE company operates short-term trading in power, so-called spot contracts, for Germany, France, Austria, and Switzerland.
