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ENEA a Market Maker on Polish Power Exchange

ENEA, via its wholesale company, concluded an agreement with the Polish Power Exchange to be the Market Maker within instruments for electricity. The cooperation commences today. Its objective is to increase the liquidity of animated instruments and intensification of cooperation between PPE and ENEA, one of the leading energy groups in Poland.

Obtaining the status of a Market Maker is compliant with the Group's strategy which foresees entry into new markets. ENEA plans to optimise costs of functioning on the wholesale market and increasing the activity within proprietary trading. From the point of view of trading company, one of the key factors of assessing the attractiveness of a given market is liquidity, volatility of prices and security of settlements for concluded transactions. The Polish Power Exchange ensures that.

"Such a cooperation with PPE will bring benefits to the both parties. ENEA will be able to perform volatile cost optimisation within concluded transactions, and as regards the market and the exchange the liquidity and the trading volumes will increase. It will have an impact on the perception of PPE as one of the leading exchanges in Central and Eastern Europe" - says Grzegorz Kinelski, Vice-President of the Board of ENEA for Commercial Affairs.

"Concentration of the national market on one liquid exchange market will undoubtedly have a positive impact on the further standardisation and integration of the emerging common European energy market. The most important elements of the energy market development and establishment of a competitive price is higher liquidity and transparency. The presence of ENEA Trading as a market maker will surely contribute to that" – said Ireneusz Łazor, President of the Board of PPE.

Within the continuation of development plans of ENEA Capital Group another step is entry into the German electricity market and becoming a member on EEX and EPEX Spot. At the beginning of October ENEA Trading became the member of InterContinental Exchange.

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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.