Description
Industrial Development Agency And The Polish Power Exchange Launch Cooperation
PRESS RELEASE
Warsaw, 5 December 2012
Industrial Development Agency and the Polish Power Exchange
Launch Cooperation
The publication of the Polish coal price index and the dissemination of
information on implementing the "White Certificate" system for energy
efficiency tracking are the most important provisions of the "Partnership
Agreement", signed on 5 December 2012 between the IDA and POLPX. The
agreement sets out cooperation areas and conditions, as well as the details
concerning working groups to be appointed and their respective work schedules.
The agreement between the two companies is intended to support Poland's implementation of
the "European Union climate and energy package", adopted by the European Parliament in
2008. The package includes guidelines for reducing greenhouse gas emissions, increasing the
share of renewable energy sources in the energy mix of the European Union and achieving a
20% energy efficiency improvement by 2020.
The parties have committed to take action aiming to publish the Polish coal price index to
provide the basis for commodities exchange trading in the longer time perspective. Currently,
IDA, through its branch in Katowice, has set out to collect information on the hard coal
trading conditions in Poland.
– The signing of the agreement is an event that confirms our interest in a new line of business
to be traded on our exchange, i.e. coal trading – said Ireneusz Lazor, President of POLPX. –
Currently the coal market transactions, which are based on e.g. ARA, fail to reflect national
circumstances.
The joint action is also designed to disseminate information on the assessment of the current
market value of commodities that can be traded on POLPX and will be used by the IDA to
implement the energy efficiency certificates system, also referred to as "White Certificates".
- The agreement also includes the IDA's support measures for innovation in the use of
information to enhance the modernization and construction of local CHP, CCHP and smart
grid generators as well as electric drive vehicles - said Wojciech D?browski, CEO of the
IDA.
The parties want to work together to create opportunities for trading different types of energy
on the exchange, including energy fuels. In addition to coal, these are to include biomass,
shale gas and non-financial property rights, whose price depends directly or indirectly on
these energy sources.
-------------------------------------------
Industrial Development Agency The Industrial Development Agency is a wholly owned State Treasury corporation
founded in 1990, which aims to foster the restructuring and privatisation of business entities and aid the development of
entrepreneurship through, inter alia, creating and managing Special Economic Zones. In addition to lending money from its
own funds, IDA provides individual state aid for business turnaround and/or restructuring. IDA's 2011 profit reached PLN
149.4 million on revenues of PLN 420 million and its equity is 4.8 billion.
Polish Power Exchange (POLPX) was established at the end of 1999 and started its operational activities on 30 September
2000. Since April 2012, it has been a Group member of the Warsaw Stock Exchange which holds over 90-percent of the
POLPX's share capital.
POLPX runs a Day-Ahead Market, a Commodity Derivatives Market with physical delivery and a Property Rights Market,
which, together with the Register of Certificates of Origin for electricity derived from Renewable Energy Sources and high-
efficiency co-generation units, play a pivotal role in the system supporting the generators of electric power from these
sources.
Polish Power Exchange is currently the growth leader among the commodity markets in the region. In 2011 the volume of
trade in all the markets dedicated to electricity reached 126.679 TWh. This figure corresponds to 78% of the electricity
generated in Poland and over 80% of the total consumption. Comparing to 2010, the trade volume grew by 55%.
Contact:
Roma Sarzy?ska-Przeciechowska Jarek Patyk
Spokesperson Director, Members Relations Office
Industrial Development Agency Polish Power Exchange
phone: +48 22 460 37 92, +48 501 310 023 phone: +48 22 341 99 66, +48 600 294 194
e-mail: [email protected] e-mail: [email protected]
www.arp.com.pl www.tge.pl
doc_675260532.pdf
Industrial Development Agency And The Polish Power Exchange Launch Cooperation
PRESS RELEASE
Warsaw, 5 December 2012
Industrial Development Agency and the Polish Power Exchange
Launch Cooperation
The publication of the Polish coal price index and the dissemination of
information on implementing the "White Certificate" system for energy
efficiency tracking are the most important provisions of the "Partnership
Agreement", signed on 5 December 2012 between the IDA and POLPX. The
agreement sets out cooperation areas and conditions, as well as the details
concerning working groups to be appointed and their respective work schedules.
The agreement between the two companies is intended to support Poland's implementation of
the "European Union climate and energy package", adopted by the European Parliament in
2008. The package includes guidelines for reducing greenhouse gas emissions, increasing the
share of renewable energy sources in the energy mix of the European Union and achieving a
20% energy efficiency improvement by 2020.
The parties have committed to take action aiming to publish the Polish coal price index to
provide the basis for commodities exchange trading in the longer time perspective. Currently,
IDA, through its branch in Katowice, has set out to collect information on the hard coal
trading conditions in Poland.
– The signing of the agreement is an event that confirms our interest in a new line of business
to be traded on our exchange, i.e. coal trading – said Ireneusz Lazor, President of POLPX. –
Currently the coal market transactions, which are based on e.g. ARA, fail to reflect national
circumstances.
The joint action is also designed to disseminate information on the assessment of the current
market value of commodities that can be traded on POLPX and will be used by the IDA to
implement the energy efficiency certificates system, also referred to as "White Certificates".
- The agreement also includes the IDA's support measures for innovation in the use of
information to enhance the modernization and construction of local CHP, CCHP and smart
grid generators as well as electric drive vehicles - said Wojciech D?browski, CEO of the
IDA.
The parties want to work together to create opportunities for trading different types of energy
on the exchange, including energy fuels. In addition to coal, these are to include biomass,
shale gas and non-financial property rights, whose price depends directly or indirectly on
these energy sources.
-------------------------------------------
Industrial Development Agency The Industrial Development Agency is a wholly owned State Treasury corporation
founded in 1990, which aims to foster the restructuring and privatisation of business entities and aid the development of
entrepreneurship through, inter alia, creating and managing Special Economic Zones. In addition to lending money from its
own funds, IDA provides individual state aid for business turnaround and/or restructuring. IDA's 2011 profit reached PLN
149.4 million on revenues of PLN 420 million and its equity is 4.8 billion.
Polish Power Exchange (POLPX) was established at the end of 1999 and started its operational activities on 30 September
2000. Since April 2012, it has been a Group member of the Warsaw Stock Exchange which holds over 90-percent of the
POLPX's share capital.
POLPX runs a Day-Ahead Market, a Commodity Derivatives Market with physical delivery and a Property Rights Market,
which, together with the Register of Certificates of Origin for electricity derived from Renewable Energy Sources and high-
efficiency co-generation units, play a pivotal role in the system supporting the generators of electric power from these
sources.
Polish Power Exchange is currently the growth leader among the commodity markets in the region. In 2011 the volume of
trade in all the markets dedicated to electricity reached 126.679 TWh. This figure corresponds to 78% of the electricity
generated in Poland and over 80% of the total consumption. Comparing to 2010, the trade volume grew by 55%.
Contact:
Roma Sarzy?ska-Przeciechowska Jarek Patyk
Spokesperson Director, Members Relations Office
Industrial Development Agency Polish Power Exchange
phone: +48 22 460 37 92, +48 501 310 023 phone: +48 22 341 99 66, +48 600 294 194
e-mail: [email protected] e-mail: [email protected]
www.arp.com.pl www.tge.pl
doc_675260532.pdf