Polish Power for 2014 Falls to Record; Day-Ahead Contract Rises

Polish power for next year dropped to a record as day-ahead electricity increased amid outages.

Polish power for 2014 fell as much as 1.7 percent to 172.50 zloty ($55.71) a megawatt-hour as of 3:20 p.m. in Warsaw, its lowest level since the contract started trading in June, broker data on Bloomberg showed.

Polish electricity for next-day delivery added 1.7 percent to 173.41 zloty a megawatt-hour, exchange data compiled by Bloomberg show.

PGE SA (PGE), the country’s largest utility, was set to halt for unplanned stoppage tomorrow two units with combined capacity of 618 megawatts, grid operator said on website yesterday.

Day-ahead electricity on the coupled markets of the Czech Republic and Slovakia increased 3.8 percent to 52.38 euros ($69.14) a megawatt-hour in a daily auction, according to the countries’ market operators. Hungarian day-ahead power rose 4.4 percent to 52.97 euros a megawatt-hour. The German contract for the next day, the benchmark for the region, gained 2 percent to 51.75 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 lpaulsson@bloomberg.net

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