Power Politics Dominate Polish Electricity Market, CEZ Says
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Poland’s support for its power and coal industries is the main driver in the nation’s electricity market, where prices soared above those in Germany this year, according to Czech utility CEZ AS’s trading unit in Warsaw.
Government payments to mainly state-controlled utilities to keep plants on standby have inflated prices and added to trading risk, Witold Pawlowski, the general director at CEZ Trade Polska, said in an interview. Polish year-ahead power has cost more than its equivalent in Germany, Europe’s benchmark for electricity trading, every day this year in the longest streak since at least 2009, broker data compiled by Bloomberg show.