All-0202-2 - page 44

44
Market capitalisation
(USD)
Trade in electricity on TGE has been for last few years at higher or similar level to the domestic
production. In 2016, the total turnover in this market amounted to 126.6 TWh. Even more dynamic
trend can be observed in the natural gas market, where over the last two years the volume of the
virtually non-existent market has increased to 114.5 TWh in 2016, establishing the best annual
result ever in the history of TGE.
Exchange partnerships
• Strong and stable shareholder – Warsaw Stock Exchange (since February 2012)
• Member of the European Multi-Regional Coupling (MRC) market since July 2015 and the Price
Coupling of Regions initiative (PCR) since October 2015
• Nominated Electricity Market Operator (NEMO) designated by the President of Energy Regulatory
Office since December 2015
• Featured on the ACER’s list of platforms for reporting transaction information according to REMIT
requirements
Memberships
• Association of Futures Markets (AFM)
• Association of Power Exchanges (APEx)
• Association of European Energy Exchanges (Europex)
Regulatory bodies
• Energy Regulatory Office:
• Polish Financial Supervision Authority:
• Featured on the ACER’s (Agency for the Cooperation of Energy Regulators) list of platforms for
reporting transaction information according to REMIT requirements:
General market
information
• Poland, with a population of over 38.4 million inhabitants, is the largest member of the European
Union among all the countries of Central and Eastern Europe.
• In terms of the number of inhabitants, Poland is the 35th largest country in the world and the
6th largest in the EU.
• In terms of gross domestic product (GDP) which was in 2015 at the level of $474.9 billion,
Poland is the 9th biggest economy in the EU and the 25rd biggest economy in the world. and
classified as high-income economy by World Bank. The largest component of its economy was in
2015 the service sector (55.6%), followed by industry (41.21%) and agriculture (3.3%).
TGE, Polish Power Exchange
continued
1...,34,35,36,37,38,39,40,41,42,43 45,46,47,48,49,50,51,52,53,54,...56
Powered by FlippingBook