Radzikowski, Szubielska & Partners has assisted international trading company RWE Supply & Trading GmbH on its launch of trading activities in natural gas and electricity as a direct member of the Polish Power Exchange (PolPX).
RWE Supply & Trading is one of the largest European wholesalers of natural gas, electricity, and other commodities. According to RSP, "just for comparison regarding natural gas – Poland’s annual demand is around 15-16 bcm whereas the overall trading volume of RWE Supply & Trading GmbH in 2016 was 361 bcm. RWEST had already one of the largest trading portfolios at PolPX, but until July this year just via a brokerage house."
According to RSP, "we have been supporting RWEST from the beginning of this process at all stages, from approval given by PolPX for admission of RWEST as a member and for trading on individual PolPX markets, through membership in the Commodity Clearing House, to approval of the Polish Financial Supervision Authority."
The RSP team was led by Partners Joanna Nowak-Paradowska and Przemyslaw Kalek.
