The start of the Global Connect market possible this year

There is a chance to launch the Global Connect market this year, but due to external conditions it may take place at the beginning of next year, Izabela Olszewska, vice president of the WSE said during the press conference.

The WSE presented its financial results for the third quarter of 2021. During this period, the GPW Group generated PLN 90.6 million in sales revenues, EBITDA was PLN 48.6 million, operating profit was PLN 39.9 million, and the net profit of PLN 36 million. Consolidated revenues increased by 1.8 percent compared to Q3 2020. As indicated at the conference, the increase in revenues in annual terms is the result of an increase in revenues from the commodity market, i.e. the Polish Power Exchange, which is part of the WSE group.

"The situation on the Polish Power Exchange was dynamic, we had large increases in the prices of CO2 emission allowances, Poland has also become an exporter on the energy market, which was evident on the spot market, where electricity turnover increased as a result. The turnover on the turnover market is also very high. such high levels were not recorded in the previous four quarters," Piotr Zawistowski, the president of Towarowa Giełda Energii, said.

(PAP)