ISO 9001 AND ISO 3834 CERTIFICATES

TGE MA & TTF MA indices

TGE MA i TTF MA - commodity market indices












 
TGEMA + XX PLN/MWh

where:
TGEMA - arithmetic mean of the clearing rates of the monthly GAS_BASE_M natural gas contract, listed on the commodity futures market of the Polish Power Exchange, with delivery in the calendar month for which the price is determined from the formula. The average is calculated for the quotations available in the period: from the last calendar day in a month distant from the delivery month by 2 months and on each day of the calendar month preceding the delivery month, expressed in PLN / MWh. Daily clearing prices are published on the website of Towarowa Giełda Energii (www.tge.pl)

TTFMA - The arithmetic mean of the settlement prices of the monthly ICE Endex Dutch TTF Daily Natural Gas Future contract for natural gas, with delivery in the month for which the price is determined from the formula listed on the ICE commodity futures market. The average price is calculated for stock values quoted in the period: from the last day of the calendar month which is 2 months away from the delivery month and each day of the calendar month preceding the delivery month, expressed in EUR / MWh. Quotations are published on the ICE website (www.theice.com).


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