Marcin Ludwicki

ENERGA-OPERATOR SA engages in the distribution of electricity. It also develops and maintains power supply infrastructure. The company was founded in 1993 and is headquartered in Gdansk, Poland.

Part of ORLEN SA, Energa Wytwarzanie Sp. The company is based in Straszyn, Poland. Z O.O. is a Polish company that provides energy generation services.

Towarowa Gielda Energii SA (currently: POLPX S.A.) was established at the end of 1999. In the first six months, from registration of its business operations, it has launched the Day Ahead Market (electricity spot market). In 2003, POLPX was the first and so-far only entity to obtain a license to run a commodity exchange market from the Financial Supervision Commission (KNF). For sure, the exchange is the essence of the market. One can say that this is the place, where individuals and companies meet, on a regular basis and on specific dates, to conclude 'buy' and 'sell' transactions of a commodity, such as for example electrical power. Those 'meetings' also involve intermediaries (brokers). The complete liberalization of the electricity market - which became unavoidable in Poland - is creating the need to build a market mechanism for setting the electricity prices. This need can be satisfied by the Polish Power Exchange (POLPX). It is offering the possibility to determine an objective market price, being a reference for other transactions concluded on the electrical power market. POLPX, as an organized part of the electricity market is offering its participants a range of benefits: Equal access to market information Clear, transparent and consistent rules for conclusion of commercial transactions for all participants Reduction in the costs of negotiation (automation of the best offer searching process) High level of flexibility in conclusion of transactions Effective management of commercial risks, resulting from fluctuation of the electricity demand price and volume. The key areas of POLPX operations are: Day Ahead Market (DAM) Commodity Derivatives Market (CDM), Intraday Market (IDM) Property Rights Market for Renewable Energy Sources and Co-generation, (PRM) CO2 Emission Allowance Market (EAM).

PGE Energia Odnawialna SA provides power distribution services. Its activities include the development of hydroelectric power plants and construction as well as modernization of water power plants. The company was founded on December 22, 1993 and is headquartered in Warsaw, Poland.

Iberdrola Renewables Polska Sp zoo is a Polish company that owns and operates wind farms. It was acquired by Energa SA, a PUB of Polski Koncern Naftowy ORLEN SA from Iberdrola SA on August 01, 2013 for $350.67 million.

ORLEN Poludnie SA engages in the sale of biofuels and biocomponents. Its offer includes solvents and glycerine. It also processes petroleum. The company was founded in 1895 and is headquartered in Trzebinia, Poland.

PGNiG Upstream Norway AS provides oil and gas exploration services. It operates on the Norwegian Continental Shelf and engages in the oil and gas development projects. The company was founded in 2007 and is headquartered in Sandnes, Norway.