Polish spot prices were low during week 46 thanks to plentiful generationand increased imports. Baseload day-ahead prices on the Polish PowerExchange (TGE) fell 9% week on week to Zloty 212.42/MWh (Eur49.64/MWh) November 14. Spot prices were low due to oversupply, withcombined heat and power plants coming on for the winter heating season,one trader said. He added that increased imports were also keeping thespot low. With wholesale day-ahead prices higher in Poland than in anyneighboring market, the country saw net electricity imports reach acurrent decade high of 2.7 TWh in the third quarter of this year. Spot priceswere also kept low by average temperatures in Warsaw up to six degreesabove the seasonal norm. The December contract was impacted by thelower spot price, down 2% week on week to Zloty 212.93/MWh November14. The forward curve was down on lower CO2 emission prices and theimpact of increased imports, the Cal-20 contract also down 2% on weekto Zloty 256.03/MWh. Import capacity from Germany, Czech Republic andSlovakia, which ranges from about 800 MW to 1.5 GW depending on thehour, was restored to 100% following recent maintenance. Importsthrough the 488 MW LitPol link with Lithuania and the 600 MW SwePol linkwith Sweden were also at full capacity, according to Entso-e. The averageprice of green certificates, used to support existing renewable energyinstallations, rose by 1% on week to Zloty 150.27/MWh. In terms of futureregulation the market is still awaiting clarification following the re-electionof the Law and Justice-led government in October’s general election.
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