Polish Next-Year Power Falls to Four-Year Low as Demand Declines
Polish year-ahead electricity declined to its lowest level in more than four years amid falling demand.
Electricity for delivery next year fell 0.3% to 175.40 zloty ($54.60) a megawatt-hour, broker data showed. That’s the lowest price since Bloomberg started tracking data in June 2008.
Polish power use fell in October, extending a decline from the first nine months as economic growth slowed, the country’s transmission grid said yesterday.
Next-day power in Poland fell 1.6 percent to 182.70 zloty a megawatt-hour, according to exchange data compiled by Bloomberg. The country was set to send 820 megawatts of power to the Czech Republic, Germany and Slovakia from 6 a.m. to 7 a.m. tomorrow, down from 1,700 megawatts at the same time today, according to the data from the grid manager.
Next-day electricity on the coupled markets of the Czech Republic and Slovakia dropped 1 percent to 49.66 euros ($63.66) a megawatt-hour in a daily auction, according to the countries’ market operators. The day-ahead contract in Hungary fell 3.8 percent to 49.91 euros a megawatt-hour.
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To contact the editor responsible for this story: Lars Paulsson at Paulsson@bloomberg.net