CEZ AS, the Czech Republic’s largest utility, set up a brokerage that will start trading Polish power in February, a company official said today.
The unit will initially trade power from the group’s Polish plants, said Witold Pawlowski, general director of the Warsaw-based CEZ Trade Polska and the head of the new brokerage, CEZ Towarowy Dom Maklerski Sp zoo.
“We’re expanding to offer brokerage services to clients, including utilities,” Pawlowski said by phone from Warsaw.
Poland’s financial regulator KNF yesterday issued the approval for the brokerage. Power producers in Poland have been obliged since 2010 to sell their output at auctions or exchanges via licensed brokers.