Bloomberg News

Polish Day-Ahead Power Drops as German Business Confidence Falls

October 24, 2012

Polish day-ahead power declined as the zloty weakened to a four-week low after an unexpected fall in Germany’s business confidence increased concern that the economy of Poland’s biggest trading partner may shrink.

The power contract dropped 6.7 percent to 177.09 zloty ($55.24) a megawatt-hour, according to exchange data compiled by Bloomberg. The nation’s currency weakened as much as 0.7 percent to 4.1547 per euro, the lowest since Sept. 27.

Electricity imports from Sweden and Ukraine were unchanged from yesterday at 472 megawatts and 130 megawatts, respectively, data from grid manager PSE Operator SA show.

Tauron Polska Energia SA (TPE) halted a 225-megawatt coal-fed unit at its Laziska power station for maintenance until Dec. 13, the company said in a posting on its website. The plant had an unplanned stop at a 215-megawatt unit which is expected to last until tomorrow.

Czech day-ahead power dropped 8.9 percent to 48.66 euros ($63.10) a megawatt-hour while the Slovak and Hungarian contracts declined 11 percent to 48.81 euros, according to the countries’ market operators.

To contact the reporter on this story: Rachel Morison in London at rmorison@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net


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