Poland frees wholesale prices of natural gas
February 20, 2013
Poland’s energy market regulator URE has relieved all licensed traders of natural gas from the duty to submit wholesale tariffs for regulatory approval, URE said on its website on Tuesday.
". . . URE President informs that all enterprises possessing a permit for gas fuels trade may be freed, upon submitting a motion, from the obligation to submit gas fuel tariff motions for approval, in the scope of sales to enterprises purchasing gas within their activity of gas fuel trade," the statement reads.
The regulator finds that the wholesale segment of natural gas trade market can be considered competitive, URE said. Maintaining the duty of tariff approval under these circumstances might reduce the market's liquidity.
Poland is currently processing a bill to have gas traders sell 30% of the gas volumes via the commodity exchange in 2013, increasing the cap to 50% in H1 2014 and to 70% as of July 2014. Gas trade on the energy exchange (TGE) was launched on December 20.