Vattenfall powers up for Polish market surge
Sweden's Vattenfall has set up a unit for trading electricity and carbon-dioxide emissions to build on its investment in the Polish power sector. The company plans to double its share of the Polish electricity market to around 15 percent.
"By establishing an independent trade organisation, Vattenfall is the first mover in the Polish energy market," Justus Schuetze, managing director of Vattenfall Trading Services (VTS) Polish unit said in a statement.
The 15-strong team, based in Gliwice, will have the task of developing wholesale markets in Poland. Currently, around 50 percent of national power production is tied up in long-term supply contracts, and thus not tradeable.
Vattenfall plans to increase its share of the Polish market mainly through acquisitions. Last month, Vattenfall was among 11 investors shortlisted to buy a stake in Polish power generator Kozienice.
Last year VTS traded 1,000 terawatt hours of power while also dealing in coal, gas and CO2 certificates. (Reuters)
"By establishing an independent trade organisation, Vattenfall is the first mover in the Polish energy market," Justus Schuetze, managing director of Vattenfall Trading Services (VTS) Polish unit said in a statement.
The 15-strong team, based in Gliwice, will have the task of developing wholesale markets in Poland. Currently, around 50 percent of national power production is tied up in long-term supply contracts, and thus not tradeable.
Vattenfall plans to increase its share of the Polish market mainly through acquisitions. Last month, Vattenfall was among 11 investors shortlisted to buy a stake in Polish power generator Kozienice.
Last year VTS traded 1,000 terawatt hours of power while also dealing in coal, gas and CO2 certificates. (Reuters)
