Electricity for delivery on Saturday in Poland declined to its lowest level in two months as a similar German contract dropped amid an expected increase in wind output.
Electricity for tomorrow dropped 11 percent from a week ago to 147.61 zloty ($46.85) a megawatt-hour, exchange data compiled by Bloomberg show. That’s the lowest price for Saturday delivery since Dec. 29.
Day-ahead power for Germany fell 8.4 percent from a week ago to 38 euros ($50.08) a megawatt-hour. Output from wind turbines in the country may exceed 7,500 megawatts tomorrow, according to the website of Meteologica SA, the Madrid-based weather forecaster. That’s above the annual average of 4,807 megawatts and today’s level of 6,190 megawatts at 12:45 p.m. in Berlin, according to data from European Energy Exchange AG in Leipzig, Germany.
PGE SA, Poland’s largest utility, will halt 586 megawatts of power capacity at its Belchatow and Turow plants tomorrow, the company said.
Day-ahead electricity on the coupled markets of the Czech Republic and Slovakia fell 2 percent from a week ago to 38.19 euros a megawatt-hour in a daily auction, according to the countries’ market operators. Hungarian day-ahead power settled 6.2 percent higher at 42.11 euros a megawatt-hour from 39.62 euros a week earlier.