POLPX to lower fees

POLPX power exchange is going to lower fees and extend trading hours in order to attract new customers and strengthen its position in the region, bourse CEO, Ireneusz Lazor revealed in an interview with Reuters.  “The great task is attracting new participants, since it is impossible to grow without them. … The main partners for us could be entities from Germany, but also from the Czech Republic, Slovakia and Hungary. We do not forget about London (either),” Lazor said. According to Lazor, fees could be lowered in the second half of 2015. Additionally, to catch up with its European competitors POLPX will extend its trading hours. POLPX also plans to offer futures contracts as well and awaits Finance Ministry approval to do so. The exchange started trading gas in 2012, but its results has been lackluster until 2014, when state-controlled PGNiG started selling some of its fuel there. POLPX is the only licensed power exchange in Poland. It was established at the end of 1999 and opened its gas market in 2012.