Last Tuesday was another historical day for Poland’s energy market: the Polish Power Exchange (TGE) and the Polish Oil and Gas Company (PGNiG) signed a cooperation agreement with an aim to develop together a biomethane market in Poland, with mutual expertise and capabilities.
For the sake of the cause, to create and develop a biomethane market, TGE and PGNiG are going to jointly prepare modern solutions. With their expertise as a determinant player on the gas market and as a trading platform, where the trading in gas and certificates promoting the use of RES are concentrated, they should make and lead the change in the energy market, not only by increasing the importance of RES technologies but also by spreading alternative fuels, such as biomethane or hydrogen on the market.
“For over 20 years, TGE has been supporting all transformation processes on the energy market and actively contributing to its development by offering its participants comprehensive solutions and products,” said Piotr Zawistowski, President of the Management Board of TGE. “The cooperation with PGNiG in creating a biomethane market is an opportunity for the Exchange to further develop the RES segment. Certainly, our registers have a key role to play in this project.”
“PGNiG has been an active member of the gas exchange market since its inception and continues to contribute to its development, as evidenced, among other things, by the record-high volume of natural gas trading on TGE in 2020,” explained Paweł Majewski, President of the PGNiG Management Board. “Now we are about to a new chapter of cooperation, which will allow us to create modern market solutions in the field of biomethane trading. This green fuel offers considerable potential which will give us the opportunity for playing an active part in the future energy transformation of the Polish economy, while at the same time pursuing our business objectives and ensuring Poland’s energy security.”
At the beginning of their cooperation, PGNiG and TGE plan to learn from the experience of the Exchange which currently maintains the Certificate of Origin Register as a factor of a potential support scheme for biomethane based on certificates, as well as the Guarantees of Origin Scheme as potential equipment for achieving the National Indicative Target (NCW).