Polish Next-Year Power Falls to Four-Year Low as Demand Declines

Polish year-ahead electricity declined to its lowest level in more than four years amid falling demand.

Electricity for delivery next year fell 0.3% to 175.40 zloty ($54.60) a megawatt-hour, broker data showed. That’s the lowest price since Bloomberg started tracking data in June 2008.

Polish power use fell in October, extending a decline from the first nine months as economic growth slowed, the country’s transmission grid said yesterday.

Next-day power in Poland fell 1.6 percent to 182.70 zloty a megawatt-hour, according to exchange data compiled by Bloomberg. The country was set to send 820 megawatts of power to the Czech Republic, Germany and Slovakia from 6 a.m. to 7 a.m. tomorrow, down from 1,700 megawatts at the same time today, according to the data from the grid manager.

Next-day electricity on the coupled markets of the Czech Republic and Slovakia dropped 1 percent to 49.66 euros ($63.66) a megawatt-hour in a daily auction, according to the countries’ market operators. The day-ahead contract in Hungary fell 3.8 percent to 49.91 euros a megawatt-hour.

To contact the reporter on this story: Marek Strzelecki in Warsaw at mstrzelecki1@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at Paulsson@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.