TAURON Polska Energia signed the agreement with Towarowa Giełda Energii (Polish Power Exchange) concerning Forward Commodity Market. The aim of the cooperation is to increase the liquidity of animated instruments and to intensify the cooperation between TGE and TAURON, one of the leading energy groups in Poland.
The so-called market maker is to ensure maintaining of trading liquidity and to increase the number of transactions concluded at the exchange. This should subsequently enable participants to execute purchase and sale orders at market prices. Through increasing of the volume concentration on the market which is transparent and anonymous, TGE members have an equal impact on the level of electricity prices, which is the unquestionable benefit for market participants. The agreement has been effective since 1 February.
- TAURON as the participant of the exchange endeavours to ensure the liquidity of the energy market in Poland and transparency of measures undertaken on this market. Signing of the agreement with the exchange will enable us to act more actively and to maintain the price framework determined by the market for all participants. Upon signing of the agreement we have accepted the responsibility not only for our own actions but also for market directions – says Katarzyna Rozenfeld, Vice-President of the Management Board of TAURON Polska Energia for Commercial Affairs.
- Concentration of the domestic market on a single, liquid exchange market has a positive influence on further standardisation and integration of the developing common European energy market. The most significant element of energy market development and establishment of the reference price is the increase of liquidity and transparency. The presence of TAURON Polska Energia as the market maker will certainly contribute to this process – said Ireneusz Łazor, President of the Management Board of Polish Power Exchange.