In May this year the electricity trading volume on the POLPX Day- Ahead
Market amounted to 1.901 TWh reaching thereby the highest volume during
over 10-year history of the POLPX.
In May this year total electricity trading volume on the Polish Power
Exchange amounted to 11.921 TWh and it was decline in comparison with
the preceding month by 11.49% (13.467 TWh in April 2011) and increase as many as by 728.57% taking year-to-year ratio in consideration.
The Day-Ahead Market (DAM)
In May 2011 the electricity trading volume with the day-ahead delivery on the POLPX trading floor amounted to the top-level value of 1.901 TWh. In comparison with the preceding month the DAM trading volume increased by 7,03% and as many as by 338.47% taking year-to-year ratio in consideration. Average daily trading volume remained at the level of 61,315 MWh, with minimum value of 37.437 MWh and maximum value of 86,879 MWh.
May has appeared to be consecutive month, on the grounds of which it could be assumed that the basic electricity trading market, what the DAM market is, is strengthening its position on the electricity business market in Poland. The DAM share in total hourly electricity demand amounted to - in average - 15.42% (14.44% in April), with minimum value of 6.45% and maximum value of 32.13%.
Fact of permanent increase of the trading volume is of great importance
for the process of integration of Polish power market with neighboring
markets. Owing to strong basic market the Polish Power Exchange becomes
active participant of the process of such changes.
The monthly BASE price, counted as the by-volume-weighted average for
all transactions, which had been concluded on the Day-Ahead Market,
amounted to 213.48 PLN/MWh (month-to-month increase by 3.31 PLN). The
monthly PEAK price, counted as the by-volume-weighted average for all
transactions, which had been entered on the Day-Ahead Market for hours
between 8 a.m. and 10 p.m., amounted to 220.84 PLN/MWh (month-to-month
increase by 1.33 PLN).
The Commodity Derivatives Market (CDM)
In May 2011 the electricity trading volume on the Commodity Derivatives Market amounted to 10,020 TWh. It composes month-to-month downturn by 14.30% and increase as many as by 896.81% taking year-to-year ratio in consideration.
The trading structure noticed in May 2011 shows that the POLPX's members have continued contracting of electricity with delivery in the year of 2012. Just as in April 2011, the most liquid contract was the year contract with BASE electricity delivery profile in 2012 (delivery during all hours of the day) - BASE_Y-12. The total trading volume for that contract amounted to 6,008,256 MWh (684 MW) - what composes 59.96% of the CDM total trading volume. In April 2011 the average price for the BASE_Y-12 contract was shaped at the level of 204.74 PLN/MWh (month-to-month increase by 1.31 PLN).
With regard to execution of the contracts for given hour of the electricity delivery day share of all electricity-dedicated markets of the POLPX in total hourly demand of the National Power System in May 2011 amounted to 70.05% (in average) (66,95% in April 2011), with minimum value of 58.77% and maximum value of 83.71%.
Press release (Acrobate Reader)
Monthly report for April 2011 available to download >>link
