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Polish Saturday Power Gains Most in Four Weeks on Capacity Cuts

Nov. 9 (Bloomberg) -- Polish electricity for Saturday climbed the most in four weeks as utilities planned to cut output and exports were set to increase.

Power for tomorrow rose 7.8 percent from a week earlier to 170.78 zloty ($52.24) a megawatt-hour, exchange data compiled by Bloomberg show. That’s the biggest gain since Oct. 13.

PGE SA, Poland’s largest utility, said it would halt 1,233 megawatts of capacity at its Belchatow, Dolna Odra and Turow power plants on Nov. 10 and keep the units off line for most of the weekend. Demand for electricity typically subsides on weekends. The country was set to send more power to the Czech Republic, Germany and Slovakia, compared to a week ago, data from the power grid manager PSE Operator SA showed.

Next-day contracts on the coupled Czech and Slovakian markets settled 16 percent higher than a week ago at 39.40 euros ($50.10) and 39.53 euros a megawatt-hour respectively, while Hungarian power increased 27 percent to 43.87 euros a megawatt-hour, according to the countries’ market operators.

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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