New Energy Exchange expected to meet a quarter of domestic needs

The first ' fixed term' energy supply contract was concluded yesterday on Poland' s new Energy Exchange (GE). According to the exchange' s chairman, Jan Buczkowski. the contract was worth just over zl.75,000. He explained, "The ' fixed term' refers not to the contractual date, but to the period of time, in this case one calendar month." It is planned that GE will provide around 25% of Poland' s domestic needs, to the advantage of producers that provide the cheapest energy. To date, 13 companies have been listed on GE; eight energy distributors and five production plants. Yesterday' s contract valued the energy supply at a rate of zl.103.48 per 1 MWh. (Gazeta Wyborcza, p.18, Prawo i Gospodarka, p. 15) M.T.