TGС-1 PJSC ‘green’ certificates will be listed on the Saint-Petersburg International Mercantile Exchange

09 December 2021

TGС-1 PJSC and the Saint-Petersburg International Mercantile Exchange (SPIMEX JSC) signed a partnership agreement on 9 December. The agreement seeks to establish cooperation to develop and organize trade of electrical energy, produced from renewable sources and also ‘green’ certificates confirming that energy was obtained by TGC-1 from such sources.

The agreement performance will improve the economic efficiency at the specified markets and drive projects aimed at carbon footprint reduction.

“We can already offer our customers several options of getting ‘green’ energy, with purchasing a certificate on SPIMEX being the easiest and most available one. Transparent certificate e-trading will enable us set a fair market price for ‘clean’ energy. Thus all companies interested in decarbonization of their production facilities and process, achieving sustainable development goals and improving their ESG rating will be able to get ‘green’ energy from our renewable sources,” highlighted Alfred Yagafarov, Deputy Managing Director for Electricity & Capacity Sales at TGC-1.

“SPIMEX experience along with a powerful technology platform give us an opportunity to successfully organize our work on promising markets, in particular on the emerging ‘green certificates’ market,” said Anton Karpov, Vice President at SPIMEX.


TGC-1 PJSC (part of Gazprom Energoholding Group) is the leading company for generation and supply of electricity and heat power in the Northwest of Russia. TGC-1 comprises 52 power plants across four constituent entities of the Russian Federation: Saint Petersburg, the Republic of Karelia, Leningrad and Murmansk Regions. By contrast to other Russian generating companies, TGC-1 has a unique structure of production assets. Hydrogeneration accounts for 40 % of its installed capacity. These are 40 HPPs with a total capacity of circa 3,000 MW.

The Saint-Petersburg International Mercantile Exchange (SPIMEX JSC) is the biggest one in Russia. It organizes stock tradings on petrol, oil, gas, LHG, timber and construction materials, mineral fertilizers and derivatives markets. SPIMEX creates a transparent mechanism to set fair prices for Russian goods. The Exchange was founded in May 2008. Exchange license and clearing license are available on SPIMEX website.