This year, the project abolishing the so-called The stock exchange obligation is to come out of the climate ministry. The government undertook to “introduce a legislative change in the scope of the exemption from the obligation to wholesale electricity on the commodity exchange”. Growing imports are supposed to limit domestic electricity production and thus the burning of coal. The exchange obligations are regulated by the futures market of Towarowa Giełda Energii (TGE), and imported electricity mainly goes to the spot market.
When the obligation is lifted, energy can be traded outside the stock market, between production and trading companies. According to a person associated with the Polish stock exchange market: “In such a situation, energy groups with a production surplus, ie PGE, benefit most. The liquidation of the obligation will reduce the turnover on the POLPX, it is possible that even by a half, there will be a reduction in liquidity and thus market stability, because the fewer transactions, the greater the risk of manipulation”.