The power unit of Poland’s state railway will start trading German electricity to boost profits and benefit from cheaper prices in Europe’s biggest market.
PKP Energetyka SA will carry out its first transaction outside Poland on the Leipzig, Germany-based European Energy Exchange AG this month, according to Wojciech Szwankowski, the company’s head of trading and business development. German benchmark power has been on average 14 percent cheaper than the comparable Polish contract this year, the biggest gap since at least 2008, according to broker data compiled by Bloomberg.
