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The Warsaw Voice » Business » October 10, 2018
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Energy law to be changed
October 10, 2018   
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The Polish cabinet approved a draft amendment to the Energy Law, seeking, among others, to increase the exchange obligation of the country's power groups so that they sell 100% of their generation output on the commodity exchange TGE, according to a statement from the government's press office.
"The solution is to put a cap on possible electrical energy price hikes on the wholesale market that do not arise from factors impacting the cost of its generation or acquisition from neighboring systems," the release said. "At the same time, it is predicted that the risk of significant price fluctuations will be diminished due to enhancing liquidity and transparency on the commodity stock exchange TGE, and limiting the possibility of impacting the price by [market] participants enjoying a strong position."
The new regulations should improve the position of recipients on the domestic market long-term, the release went on to say.
Currently, Polish power groups are obliged to trade 30% of their output on TGE.
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