Czech, Slovak Day-Ahead Power Tumbles as Germany to Cut Demand
Next-day contracts on the Czech and Slovak markets declined 40 percent to settle at 29.76 euros ($38.49) a megawatt-hour in a daily auction, according to the countries’ market operators. Day-ahead power in Germany dropped 44 percent to 28 euros, broker data showed. Power consumption typically falls on weekends and holidays.
Polish exports to the Czech Republic, Germany and Slovakia were forecast to drop to almost zero tomorrow, down from as much as 1,700 megawatts yesterday, data from grid manager PSE Operator SA showed.
The Polish contract for tomorrow decreased 7 percent to 175.54 zloty ($55.34) a megawatt-hour, according to exchange data compiled by Bloomberg.
Electricity for the next day in Hungary surged 35 percent to 71.33 euros a megawatt-hour, according to data from the HUPX exchange.
To contact the reporter on this story: Marek Strzelecki in Warsaw at email@example.com
To contact the editor responsible for this story: Lars Paulsson at firstname.lastname@example.org
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.