The Ministry of Industry proposes to restore the stock market bond

The Ministry of Industry postulates the restoration of the stock market bond to electricity in order to ensure the availability of energy on the wholesale market. Such a postulate was found in the “plan of actions for the sustainable steel industry” directed for pre -consultation.

One of the goals contained in the plan is to increase the liquidity on the wholesale energy market and to achieve this, the Ministry of Industry postulates the restoration of the bond abolished from the beginning of 2023, i.e. the obligation to sell electricity by producers through the stock market on conditions not worse than before its liquidation.

The main purpose of the bond is to ensure the availability of energy on the wholesale market regardless of the market force of individual entities and ensure stability and transparency of electricity prices – justifies the postulate of MP. According to the ministry, the restoration of the bond will increase the liquidity on the wholesale energy market, and this is an insufficient level of liquidity on the goods market, especially on the term is a determinant of price fluctuations. Low liquidity on a wholesale energy market also results in an increase in power of energy prices to speculative activities – MP pointed out.

“The main purpose of the bond is to ensure the availability of energy on the wholesale market regardless of the market strength of individual entities and ensure stability and transparency of electricity prices. By restoring, smaller electricity producers will be able to exercise the right of demand and supply, which will contribute to increasing the balance on the market. This will reduce the dominance of large entrepreneurs by giving a chance to smaller companies and new entities.” Industry.

Before the liquidation of the Sejm's decision in December 2022, the stock exchange of the stock exchange was 100 percent. However, according to Energy estimates, due to numerous exclusions and deviations, the effective obligation did not exceed 50 percent at the time. As the Ministry of Industry reminds, the liquidation occurred due to a drastic increase in energy prices, caused by Russia's invasion of Ukraine. As a result, the prices fell, but the effect was short -lived. A large part of the transaction began to take place outside the stock exchange, and the companies did not give up their margin energy – noted the ministry (PAP)

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