Locked content Ministry wants power groups to trade all energy on TGE power exchange

The Ministry of Energy wants power utilities to sell all of their output on the TGE power exchange. Excluded would be cogeneration and renewable energy. The ministry hopes that such move will stabilize prices on the energy market which have gone up in recent months. “I hope that it will prevent unju...

Locked content TGE with Nasdaq powered trading system

Power exchange Towarowa Giełda Energii (TGE) has launched a new trading platform provided by Nasdaq. “The latest technology will allow us to face European regulatory challenges and offer the necessary flexibility in shaping our offering while providing the users with enhanced portfolio management op...

Locked content TGE to pay PLN 80 mln in back taxes

Warsaw Stock Exchange power trading platform TGE will pay PLN 80 million overdue VAT liabilities for the period between December 2011 and December 2016. In order to cover the debt, PGE took out a PLN 60 million loan from DNB Bank Polska. The owed VAT amounts to PLN 69.8 million plus PLN 10.2 million...

Locked content TGE to launch securities stock market

Poland’s commodities exchange (TGE), also known as the Polish Power Exchange will launch trading of financial instruments shortly, a company press release read. According to the company, two brokerages are the new stock’s first customers. Ireneusz Łazor, the CEO at TGE stressed that the compan...

Locked content Polish Power Exchange becomes member of MRC

The steering committee of the Multi-Regional Coupling has approved the full membership of the Polish Power Exchange (Towarowa Giełda Energii – TGE) in the MRC market. The Multi-Regional Coupling (MRC) is a pan-European initiative dedicated to the integration of power spot markets in Europe. It...

Locked content WSE to launch new trading floor

The Warsaw Stock Exchange will open a commodity-based financial market in Q3/Q4 of 2015, the CEO of the Polish Energy Exchange (TGE) Ireneusz Łazor informed. Electric energy futures will be the first derivatives listed, followed by natural gas futures. “Further development of the commodities m...

Record turnover on TGE power exchange

Poland’s commodities exchange (TGE), also known as the Polish Power Exchange, reported a record turnover regarding electricity and gas markets, according to the press release.

Locked content TGE plans financial market launch

The Polish Power Exchange (TGE) plans to launch a financial market in the first half of 2015, the Polish Press Agency reports. The bourse’s CEO Ireneusz Łazor was quoted as saying the new market will first offer futures. In March, TGE filed a motion for approval from the Financial Supervision Author...