Fixing II

On the Polish Power Exchange (Towarowa Giełda Energii – TGE), in addition to Fixing I, there is also Fixing II. This is an additional price-setting session on the Day-Ahead Market (RDN), designed to account for later changes in bids and adjust to current market conditions.

Fixing II on TGE – Key Aspects

Fixing II allows market participants to adjust or submit new buy and sell orders for electricity. This enables better adaptation to changing market conditions and updated supply and demand forecasts. Fixing II takes place after Fixing I, later in the day. The exact time is determined by TGE and may vary; it is advisable to check the official TGE website for the latest schedule.

Market participants can modify or submit new bids for electricity delivery for each hour of the next day.

Similar to Fixing I, TGE analyzes the submitted bids and determines the equilibrium price for each hour, considering the updated data.

Importance of Fixing II

• The additional fixing session increases market flexibility, allowing better responses to dynamic changes in supply and demand.
• It enables market participants to optimize their trading strategies and minimize risks associated with unexpected fluctuations.
• It is worth noting that Fixing II may result in different prices compared to Fixing I, due to bid updates and evolving market conditions. For example, there have been cases where negative electricity prices were recorded during Fixing II, affecting participants' trading strategies. To stay updated on the latest schedules and Fixing II results, it is recommended to regularly check announcements on the official TGE website.