We inform hereby that the Polish Power Exchange Management Board has taken the decision to introduce a new block instrument into the DAM quotation system with the delivery period from 0:00 to 6:00 each day. The instrument specification has been agreed upon with the Exchange Members during the Consultative Council meeting in February this year.
In connection with the fore-mentioned the amended "Day-Ahead Market Detailed Rules of Electricity Trading and Settlement" has been presented on www.tge.pl web page under the Rules and Regulations bookmark http://www.tge.pl/en/15/rules-and-regulations
The new instrument quotations in accordance with the specification as below are to be started from the day of June the 1st 2011.
| ID | MOR_DD-MM-RRRR, where: DD delivery day, MM- delivery month, RRRR- delivery year. |
| Object of the trading |
Electricity |
| Nominal value |
Amount of electricity (MWh) expressed as the product of 1 MWh and number of hours of the execution time. 1 instrument corresponds to the electricity amount from 5 to 7 MWh |
| Price | Expressed as 1PLN/MWh with accuracy of 0.01 PLN. |
| Minimum price |
The minimum price amounts to 0 PLN (zero zloty) |
| Maximum price |
The maximum price amounts to 1.500 PLN (one thousand five hundred zloty) |
| Value |
The product of the Price and the Nominal Value |
| Quotation date |
2 days preceding the Delivery Day |
| Execution time |
From 00:00 till 6:00 p.m. on the Delivery Day |
| Quotation unit |
1 instrument |
| Delivery unit |
1MWh for each hour of the contract execution. |
| Clearing method | Physical delivery of the electricity |
