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Polish 2014 Power Drops to Record; Day-Ahead Contract Declines

Jan. 16 (Bloomberg) -- Polish electricity for next year dropped to a record along with German power, while the day-ahead contract fell amid rising wind output and lower exports.

Next-year power declined as much as 1.5 percent to 168.15 zloty ($54.15) a megawatt-hour, the lowest since it started trading in June, according to broker data compiled by Bloomberg. The comparable German contract, a European benchmark, fell as much as 1.3 percent to 43.40 euros ($57.70) a megawatt-hour, the lowest level since the start of trading in January 2010.

Polish day-ahead electricity decreased 3.6 percent to 188.45 zloty a megawatt-hour, exchange data compiled by Bloomberg show.

Poland was set to cut exports to Germany and the Czech Republic tomorrow, data from the grid manager PSE SA showed. Wind speeds in Warsaw may rise to 19 kilometers per hour (12 miles per hour) tomorrow, compared with a 10-year average of 13 kph, according to CustomWeather Inc. data on Bloomberg.

Day-ahead electricity on the coupled markets of the Czech Republic, Slovakia and Hungary rose 0.7 percent to 54.89 euros a megawatt-hour in a daily auction, 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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