GAZ-SYSTEM Joins Polish Power Exchange

GAZ-SYSTEM S.A. became the member of the market operated by the Polish Power Exchange. This is yet another step in the cooperation between the companies, which is expected to contribute to further development of a competitive gas market in Poland.

Already on 11 October 2012 both companies signed a cooperation agreement in order to create conditions supporting the activities of companies interested in trading natural gas on an exchange market. The combination of market-based pricing mechanisms offered by the exchange with the physical delivery of the commodity ensure by the pipeline operator means that market participants are able to operate in a secure, competitive environment and be sure that their fuel will be delivered.

“With the membership in POLPX GAZ-SYSTEM S.A. will be able to purchase the gas volumes required for balancing purposes on market terms. The accession of GAZ-SYSTEM S.A. to POLPX not only fulfils the requirements of the European Network Code Balancing but also opens up further opportunities for market participants. The Intraday Market to be established soon by POLPX will offer gas supplier the possibility of balancing their deliveries also with respect to GAZ-SYSTEM S.A. As the transmission system operator we are convinced that the provision of sophisticated and flexible solutions, jointly with the gas exchange, is just as important role of the operator as are our intensive efforts to upgrade and expand the transmission system,” said Jan Chadam, President of the Management Board of GAZ-SYSTEM S.A.

“Owing to our extensive cooperation with GAZ-SYSTEM we can ensure a flexible and quick response to the needs of the players operating on our gas market. We have introduced seasonal instruments (summer and winter) with semi-annual delivery term. Soon, we are going to launch weekend contracts with two-day delivery term on Saturday and Sunday. The inauguration of the Intraday Market will be particularly instrument here as it will enable daily balancing of gas supply by interested parties,” said Ireneusz ‎Łazor, President of the POLPX Management Board.

Press Release, May 22, 2014; Image: GAZ-SYSTEM S.A

Share this article

Follow LNG World News

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

2nd Central and Eastern European Small Scale LNG Forum

The Forum is for LNG industry leaders, who want to keep up to date with Small-Scale LNG latest trends and many other topics!

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >