Bloomberg News

Polish Power Rises as PGE Delays Start of Belchatow Plant Unit

September 26, 2012

Polish power for next-day delivery advanced for a fourth day as PGE SA (PGE), Poland’s largest utility, delayed a start of a power unit, denting supply of electricity.

Power for tomorrow increased 0.8 percent to 194.87 zloty ($60.41) a megawatt-hour, according to exchange data compiled by Bloomberg. That’s the highest since Sept. 6.

PGE delayed the start of a 380-megawatt unit at its Belchatow plant to Oct. 1, the company said on its website today. The facility was initially set to resume output tomorrow.

Polish baseload 2013 power, for supplies delivered around the clock, increased for the first time in four days, adding 0.2 percent to 188.45 zloty a megawatt-hour.

Next-day contracts on the Czech and Slovak markets settled 6.3 percent lower at 46.06 euros ($59.25) a megawatt-hour in a daily auction, according to the countries’ market operators. Electricity for the next day in Hungary slumped 12 percent to 46.28 euros a megawatt-hour, according to data from the HUPX exchange.

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 lpaulsson@bloomberg.net


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