KGHM with higher production, rising EBITDA and net profit

KGHM in the first 9 months of 2019 recorded higher copper production of 530 thousand tonnes, or 14 percent higher than in the first 9 months of 2018. Sierra Gorda in Chile also recorded higher production, by 16 percent. KGHM Polska Miedź S.A. earned a net profit 71 percent higher than in the corresponding period […]

TGE opens up the pan-European Intraday Market for Poland

On 19 November, Towarowa Giełda Energii (TGE) opened the cross-border SIDC market based on the XBID model, which connects domestic electricity Intraday Markets within the European Union and enables continuous cross-border trading among entities in most European countries. Poland is one of the seven countries that joined SIDC in the second wave of implementation. The […]

Energy transition without gas?

The European Parliament has hosted the participants in the discussion on the financing of the energy transition in Central and Eastern Europe. Polish companies were critical of the decision by the European Investment Bank to discontinue the financing of gas projects.

Five Years of the Guarantees of Origin Register

On 3 November 2014, Towarowa Giełda Energii (TGE) launched the Guarantees of Origin Register (GOR). For five years now it has been the trading platform for the guarantees of origin of electricity generated from RES, and since 2 October 2019 also from high-efficiency cogeneration units.

How to freeze electricity prices in 2020?

The end of 2019 is approaching, but we still do not know what to do with energy prices in 2020. The reduction of VAT on energy or imposing the obligation to provide public services on public companies may allow prices to remain at their current level, but this solution can be as costly as the statutory […]

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