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ENEA Trading gained a direct access to the gas market on the Polish Power Exchange

The Company is one of the first entities to be awarded a status of a member of the Polish Power Exchange on the gas market. It was grated an authorisation to operate from 13 November 2013. Because of the supplies security and settlements guarantees, PPE will be a strategic place for obtaining gaseous fuel for retail customers. ENEA S.A. will offer gas in the dual-fuel formula (combined sales of electricity and gas) already at the beginning of 2014.

The access of ENEA Trading Sp. z o.o., which in ENEA Group is responsible for wholesale trade, to the Commodity Derivatives Market of gas (CDMg) is a consequence of the entry into force of the so called Energy Tri Pack and approval by the Polish Financial Supervision Authority of the Exchange Regulations. This far market participants could conclude transactions exclusively through brokerage houses. Thanks to the new regulations the principles of participation in the gas market will be the same as on the electricity trading floor. Settlements and accounts of transactions on markets run by PPE are made by the Warsaw Commodity Clearing House. The risk management system applied by it guarantees security of settlements to each Member of the House in case of insolvency of particular market participants.

 "Direct participation in the gas market on PPE will enable gaining fuel at competitive prices for us. However, what is most important is the fact that the exchange guarantees full security of supplies. For us, as a reliable and responsible seller, this is of a key importance. We must have full reliability of supplies before we offer gas to end users, i.e. customers of ENEA S.A." – said Grzegorz Kinelski, Vice-President of the Board of ENEA S.A.

ENEA S.A., after obtaining from the President of the Energy Regulatory Office of a relevant licence, is preparing for retail sales of gas in the dual-fuel formula. The works over the tariff are in progress, the first offers will appear at the beginning of the next year. They will be directed at steady business customers of the Customer, as a supplementation of an agreement relating to electricity.

The Polish Power Exchange (PPE) was established at the end of 1999. It is the only licensed energy exchange in Poland. Its operating activity was commenced on 30 June 2000. Launching PPE was one of the first activities towards the liberalisation of the Polish electricity market and privatisation of the power sector. From February 2012 PPE belongs exclusively to the Warsaw Stock Exchange.

Having in mind the diverse and international nature of Enea SA's shareholding, and also the provisions of the Best Practices of WSE Listed Companies, Enea SA guarantees the availability of its website also in English. In case of any interpretation doubts and discrepancies between the Polish and English versions, the Polish version shall prevail.