Czech, Slovak Day-Ahead Power Tumbles as Germany to Cut Demand

Power for the next day in the Czech Republic and Slovakia fell along with prices in Germany, where demand was set to fall on a public holiday tomorrow.

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.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE