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Polish Power for 2014 Falls to Record in Second Monthly Decline

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Feb. 28 (Bloomberg) -- Power for 2014 delivery in Poland declined to a record, sending the contract to its seventh drop in the eight months since it began trading.

Electricity for next-year delivery in Poland slipped 0.3 percent to 162.75 zloty ($51.25) a megawatt-hour and is headed for a 0.6 percent monthly decline, according to broker data compiled by Bloomberg. The contract has fallen in all but one month since it started trading in July.

The comparable Czech contract advanced 0.6 percent to 41.55 euros ($54.34) a megawatt-hour. It has risen 3.6 percent this month, its first gain since August.

Power for next-day delivery in Poland dropped 0.4 percent to 163.65 zloty a megawatt-hour, according to exchange data compiled by Bloomberg.

Day-ahead electricity on the coupled markets of the Czech Republic and Slovakia gained 3.3 percent to 45.46 euros a megawatt-hour in a daily auction, according to the countries’ market operators. Hungarian next-day power advanced 6.7 percent to 47.16 euros a megawatt-hour.

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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