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21.06.2024
Tender for the purchase of energy in the exchange model, i.e. a way to optimize the costs of a public institution
Energy purchase based on the exchange model allows you to contract all or part of the volume at current market prices. The purchase is based on tranches indexed to prices from the Polish Power Exchange (TGE). Thanks to this solution, public institutions gained access to the wholesale energy market through an intermediary (seller) and can independently decide when and in what quantity they will purchase all or part of the volume they will consume in the future. This is a good solution - by spreading the purchase over a longer period, public institutions increase the likelihood of obtaining favorable prices.
Exchange purchase, available to customers who consume at least several hundred MWh of energy per year, increases the chance of generating savings compared to purchase at a fixed price, as it reduces the risks for energy sellers themselves. However, it should be remembered that this form of purchase is associated with the risk of an increase in stock exchange prices, which in the event of insufficient control of the purchasing process may result in higher final energy prices.
03.06.2024
Webinar – Discover savings: strategies to reduce energy and gas costs
Are you an entrepreneur? Are you interested in securing energy and gas prices for 2025 and subsequent years? Are you watching the situation on global markets with concern and wondering how the possible development of the geopolitical crisis may affect media prices?
Enfree Webinar - Discover Savings: Strategies to Reduce Energy and Gas Costs.
Register today!
Arkadiusz Somnicki and Adam Wlizło will present proven strategies and innovative solutions that generate real savings.
The agenda includes,among others:
💡Preparation for 2025 - contract, termination, change of seller.
💡Stock market purchase model – how is it better than a fixed price?
💡The future of energy prices: the role of photovoltaics in shaping the market.
💡Q&A session.
23.02.2024
Energy of the future – from energy storage to dynamic tariffs
The dynamic development of renewable energy sources (RES) opens new prospects for enterprises. In the face of challenges related to connecting new renewable energy sources to the power grid, storage technologies are becoming an increasingly important element. Hybrid installations combining renewable energy sources with energy storage are developing at a fast pace. This solution not only increases independence from traditional sources and the national system, but also increases the security of energy systems. Thanks to this, the electricity produced from renewable energy installations at the peak of production (e.g. a photovoltaic installation during sunlight hours) can be partially used for current needs, and the rest of the produced energy will go to storage. This will make the owners of such sets more energy independent, regardless of the consumption profile, provided that a sufficiently large generation and storage capacity is built. An additional environmental advantage is the ability to obtain 100% green energy for your company.
Preparing customers' electricity systems to use dynamic tariffs will be an interesting topic in 2024. Although the launch of the Central Energy Market Information System (CSIRE) will not take place in mid-2024, as originally planned, this moment is getting closer. The introduction of a fully functional system will mean that consumers who consume even little energy will have the opportunity to use dynamic tariffs, in which the price will be different for each 15-minute delivery period. The introduction of purchasing automation supported by artificial intelligence to this model will allow for better management of energy flows, prediction of failures and optimization of deliveries. Artificial intelligence will begin to play an increasingly important role in the energy sector, from process automation to advanced analyses. This is not only efficiency, but also the key to understanding market trends. As energy networks digitize, new risks will emerge: cyberattacks. Investments in advanced security systems will become key to protecting critical infrastructure. Reliability of energy supplies will be a priority, and a key aspect in the near future will be the modernization of the network to strengthen its resistance to failures and the diversification of energy sources.
19.01.2024
Dynamic price declines and global challenges. The electricity and natural gas market at the beginning of 2024
Current situation on the electricity market
In the first weeks of 2024, we observed declines in electricity prices on the Polish market, which is a continuation of the trend from the fourth quarter of 2023. On December 29, 2023 (the last working day of the year preceding the delivery year of 2024), the price of the annual BASE_Y_24 product was set at PLN 490/MWh. It is worth noting that the minimum energy price achieved in December last year was approximately PLN 471/MWh, which is the lowest level since November 24, 2021.
In the case of other products on the futures market (quarterly, monthly and annual with delivery in subsequent years), we also recorded price declines. Futures contracts currently available for purchase for delivery in 2024 include those for the second, third and fourth quarters, as well as all monthly (except January) and seasonal and weekly contracts. The table below presents a comparison of exchange prices on January 17, 2024 to prices quoted on December 29, 2023 on the Polish Power Exchange (TGE) for the main futures products and SPOT prices (Day Ahead Market) in the TGe24 index.
03.10.2023
What’s going on on the natural gas market? Prices, trends and events in Q3 2023
September 2023 was a month full of events on the Polish gas market. We are approaching the key autumn-winter period of the year. This is statistically the most expensive season due to the increased demand for gas for heating purposes.
One of the main events on the gas market in September was the threat of a strike by employees of the LNG sector in Australia (concerning Chevron), which, if production was completely suspended, could affect approximately 7% of the global LNG gas supply (liquefied natural gas). ). Fortunately for customers, the LNG loading schedule was not disrupted. Ultimately, the strike ended after Chevron and Offshore Alliance accepted new proposals regarding employment conditions. These events, although they did not directly concern the Polish market, significantly contributed to price volatility on the Dutch TTF exchange, which is a reference point for European countries. Prices ranged from EUR 47.65/MWh to EUR 53.10/MWh, which means a volatility of 11%. In summary, the Chevron workers' strike had a potential impact on global LNG supply and gas prices, but ultimately did not significantly impact the market due to the quick resolution of the conflict.
20.09.2023
About energy and gas prices for Employers of Pomerania
On September 20, 2023, the "Prices of electricity and natural gas" workshops were held, organized by Employers of Pomerania based in Gdańsk, during which, together with the
At the meeting, we
17.05.2023
Through the eye of an expert. About the purchase of electricity for 2024
Many entrepreneurs take advantage of the current, relatively good market situation and have already started contracting electricity for 2024. Unlike in previous years, some companies have even completed it and are already making purchases for 2025. Companies for which the cost of energy purchase has a significant share in the entire cost structure more and more often base their decisions on individualized
From mid-January 2023, the energy exchange prices for 2024 oscillate in the range of PLN 700-850/MWh. It can be said that this is quite a promotion, considering that in the previous six months these prices generally did not go below PLN 1000/MWh, and at the peak they even reached PLN 1800/MWh. Current prices for companies are approx. PLN 100-200/MWh higher than the exchange prices (this value includes the costs incurred by sellers related to profiling and balancing customers, the so-called "colors", excise duty, service costs, but also the accompanying risks of price changes and sellers margin of course).
12.05.2023
Join Enfree. Your future in the energy market.
The energy market poses more and more challenges to Polish companies. At Enfree, we help to face them - we develop energy purchase strategies for the largest recipients in the country and carry out purchasing processes for them.
If you know energy and would like to work with us, write to us. We are looking for support for our team.
Call us:
30.01.2023
Why is it not worth waiting with the purchase of energy for 2024?
Loudly in the network about "low", exchange prices of energy listed on the SPOT market in January 2023. (low from the perspective of the prices we faced in 2022). A relatively attractive price level favors entrepreneurs whose energy sales contracts enable the settlement of energy purchases taking into account the current exchange prices (the so-called Day-Ahead Market).
Settlement taking into account exchange prices, both futures market and DAM (SPOT) prices, is an increasingly popular form of settlement of energy sold to large electricity and gas consumers.
Why is it worth not delaying the signing of such an agreement for 2024? Because we gain more than we lose. The main advantage is the ability to react immediately to the market situation. When the time is right, the purchase can be made immediately. In order to take full advantage of this arrangement, it is important to have enough time to catch the price opportunities that occur throughout the year. Therefore, the beginning of the year is a good time to look around the market and choose electricity and gas suppliers for the next year.
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