TGeBase index is an arithmetic average of hourly prices of electricity contracted for a given delivery day. Hourly prices, in turn, are volume-weighted averages of all transactions concluded for the delivery of electricity in a given hour on the Day-Ahead Market (DAM) of Polish Power Exchange (Towarowa Giełda Energii – TGE). The prices do not include taxes or transmission costs.
DAM is a spot market. Trading takes place 7 days a week.
*TGeBase index includes all types of contracts concerning the given day – hourly, block, weekend (delivery over 24 hours, over weekend, in separate hours or periods of day).