First electricity auction at the PXE commodity exchange   20.11. 2014

The first electricity auction for end consumers took place at the POWER EXCHANGE CENTRAL EUROPE (PXE) commodity exchange today. A total of 8,069 MWh was traded. The auction was called by the Czech State Administration of Land Surveying and Cadastre. Amper Market, a.s. submitted a winning bid at CZK 1020 per MWh.

“The first auction was successful and the customer acquired electricity at CZK 30 per MWh less than it had hoped. The price is fair and reflects the price level on the wholesale market. We hope that this first success will encourage other towns, state institutions and private companies to use PXE services,” said David Kučera, General Secretary of POWER EXCHANGE CENTRAL EUROPE.

The new service, the PXE commodity exchange, was launched at the suggestion of energy traders with the aim of enabling end customers to find the most suitable electricity supplier via a commodity exchange established according to special law. As such, they will receive the best possible price for electricity under fully transparent conditions in the largest electricity market in the CEE region. The new service has been specially designed for companies, municipalities, the public sector and larger consumers in general.

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