During the first half of year of 2010 the electricity trading on the POLPX’s Day-Ahead Market amounted to 2,488 TWh, while on the Commodity Derivatives Market – 1,503 TWh. So the total trading volume during the period mentioned above amounted to 3,990 TWh, what results in year-to-year increase of 75,08%.

The Day-Ahead Market

During the first half of year of 2010 total trading on the DAM amounted to 2.487.685 MWh. In comparison with analogous period of the year of 2009 the trading was higher by 866.687 MWh (year-to-year increase by 53,47%). The average monthly volume during the first half of year of 2010 amounted to 414.614,12 MWh, with noticed minimum value falling in June – 385.351 MWh and maximum value falling in May – 433.500 MWh.

The average price, weighted by volume for the first half of year of 2010 amounted to 190,26 PLN/MWh and it was higher than the price during the analogous period of the year of 2009 by 14,64 PLN.

Development of the DAM – the oldest market of the exchange – is aimed (among others) at integration with the markets of Scandinavia, Czech Republic, Slovakia and in the future also markets of Germany – the markets neighboring to our Market. The Dam-Ahead Market participants will achieve access to cross-border transmission capacities and energy sources. As early as from November this year the members of POLPX and Scandinavian Nord Pool Spot exchange will be able to trade in electricity on the cross-border direct-current connection with capacity of 600 MW – SwePol (“the Swedish cable”), basing on so-called “Market Coupling” mechanism through the Day-Ahead markets of both exchanges.

The Commodity Derivatives Market (CDM)

During the first half of year of 2010 the electricity trading on the CDM amounted to 1.502.630 MWh, whereas during the entire year of 209 the trading amounted to 658.187 MWh. The trading increase on the POLPX’s Commodity Derivatives Market shows significant dynamics, amounting to 128,30 %. In comparison with other Polish platforms, the forward transactions are entered into on which, right the market organized by the POLPX demonstrates the highest liquidity. The top-level trading during one session of the CDM was noticed on May the 4th 2010 – 306 970 MWh. During the session carried out on July the 7th 2010 the top-level trading was also noticed on that market. In this case the number of the contracts concluded was the highest – 100 contracts with trading of 104 070 MWh.

Undoubtedly, one reason of such dynamic increase of the Commodity Derivatives Market trading is the fact that clearing of the transactions, which are entered into on the exchange, has been handed over by the POLPX to the Warsaw Commodity Clearing House (IRGiT). It is not out of place to lay emphasis that the Warsaw Commodity Clearing House is the first clearing house in Middle- and East Europe that accepts full responsibility for execution of the transactions. Owing to innovative treatment of the Warsaw Commodity Clearing House with clearing of transactions the House members have got access to higher number of differentiated collaterals.

Electricity auctions are one form of the quotations on that market – the first sale auction (100 MW of electricity with delivery during the entire year of 2011) will be carried out on the day of August the 5th 201. If the auction is carried out successfully  the contracted volume will amount to 876 thousand MWh. It is not out of place to lay emphasis that the electricity auctions, carried out by the Polish Power Exchange, are one of the forms of the public electricity market. They offer measurable advantages for the market participants. They provide the electricity producers, which since August 2010 will be obliged to public sale of electricity, with capability to fulfill the public market’s requirements easy and quickly. Then the consumers – owing to the auctions – will be able to optimize process of searching out of the best offers of electricity sale.

Polish Power Exchange (POLPX) was established in 1999. POLPX is an established SPOT electricity (D-AM and Intraday), energy derivative, property rights and emission allowances exchange in Poland. POLPX also runs the Certificate of Origin Register for electricity produced in RES and cogeneration.

Benefits of membership at the POLPX:

• the most competitive transaction fees on the Polish electricity market
• security and guarantee clearing transactions
• modern trading monitor - CONDICO Trade based on the NASDAQ OMX,
• wide range of instruments on the POLPX markets , customized to the needs of participants
• equal rules of participation for all members regardless of their size