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Polish 2013 Power Falls to Record While Day-Ahead Contract Rises

Sept. 24 (Bloomberg) -- Polish baseload 2013 power, for supplies delivered around the clock, fell to a record, tracking a similar price decline in Germany, Europe’s biggest market.

Power for 2013 delivery lost as much as 0.4 percent to 188.40 zloty ($58.68) a megawatt-hour, the lowest level since Bloomberg started tracking the data in January 2011, and traded at 188.50 zloty at 4:45 p.m. Warsaw time. German power for 2013 fell as much as 0.9 percent to 47.40 euros ($61.20), its lowest price since the contract started trading in 2008.

Poland was a net exporter of power in the first eight months of the year, thanks to flows to Germany, the Czech Republic and Slovakia. The country was set to import no electricity from Sweden and Ukraine tomorrow, data from the grid manager PSE Operator SA showed. That compares with imports of as much as 780 megawatts on Sept. 21.

Power for tomorrow increased 6.3 percent to 191.01 zloty a megawatt-hour, according to exchange data compiled by Bloomberg as cross-border inflows were set to stop. Next-day contracts on the Czech and Slovak markets settled 15 percent lower from a week ago at 45.31 euros a megawatt-hour in a daily auction, according to the countries’ market operators. Electricity for the next day in Hungary jumped 38 percent to 62.44 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 in London at lpaulsson@bloomberg.net

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