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Polish 2014 Power Drops to Four-Week Low as Germany Heads Down

Feb. 26 (Bloomberg) -- Power for 2014 delivery in Poland dropped to the lowest level in almost four weeks as the comparable German contract fell.

Electricity for next-year delivery in Poland decreased 0.2 percent to 163.10 zloty ($51.11) a megawatt-hour, its lowest level since Feb. 1, according to broker data compiled by Bloomberg. The similar contract in the Czech Republic slipped 1.1 percent to 41.30 euros ($53.92) a megawatt-hour, the lowest in almost three weeks.

Baseload German 2014 electricity, for supplies delivered around the clock in Europe’s biggest market, dropped as much as 0.6 percent to 41.70 euros a megawatt-hour.

Power for next-day delivery in Poland rose 1.5 percent to 171.46 zloty a megawatt-hour, according to exchange data compiled by Bloomberg. PGE SA had an unplanned halt at a 858-megawatt unit at its Belchatow plant, the utility said today.

Day-ahead electricity on the coupled markets of the Czech Republic, Slovakia and Hungary gained 11 percent to 55.78 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 Paulsson@bloomberg.net

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