Legal and Institutional Aspects of Public Forms of Electricity or Gas Fuel Trading in Poland vs. the Conditions in the Common Energy Market

This study addresses, first of all, the issue of the division of the national gas fuel and electricity market into sections and separating these market segments that are more susceptible to the existence of competition in the trans-border dimension. The suggested structural, subject-related division of the market into sections: a competitive one (with its segments), a balancing one and a technical one makes it possible to determine which fragments of the market prevail over merely the technical security of ensuring continuity and quality of electricity supplies at the national level. Public forms of electricity and gas fuel trading take first place. Thus, secondly, the issues of legal and business conditions for operation in the energy section of the commodity exchange, regulated market or open tenders for purchase of energy and interdependence between public forms of electricity or fuel gas trading and standards in the common electricity market have become the subject of this study. The advantage of a commodity exchange that establishes transparent conditions for public trading transactions involving these goods and provides pricing information for actors in the market cannot be overestimated. A Commodity Exchange enhances competition and is instrumental in the reduction of prices for ultimate clients. The completed analysis aims at reviewing public forms of trading as the instruments for achievement of the objectives of the national energy law and a component for a common energy market in the perspective of development of trans-border transmission capabilities.

Full version available in International Journal of Management and Economics, at: https://doi.org/10.2478/ijme-2019-0011

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