FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ELECTRICITY: Polish Offshore Wind Auction Max Price Too Low: Ministry

ELECTRICITY

The proposed maximum price for Poland’s offshore wind auctions of PLN471.83/MWh (around €110/MWh) is too low, and an adequate price level is crucial for the country’s successful energy transition, Poland’s state assets minister said, cited by Reuters. 

  • "The price set at the level, which will not allow the execution of the OWF projects, may result in the lack of interest of entrepreneurs in participating in the OWF [offshore wind farms] auction in 2025 (...) which, in turn, will threaten to delay the execution of further OWF projects in the Baltic Sea by up to 3-4 years," the minister said.
  • The Polish Wind Energy Association (PSEW) previously also criticized that the price level is too low due to overly optimistic investment cost assumptions. while costs related to balancing supply and demand, grid bottlenecks and negative electricity prices are underestimated.
  • The Polish Ministry of Climate and Environment proposed the maximum purchase price in a draft regulation in August with the first auction for 4GW planned for 2025. 
BulletPower BulletsEnergy BulletsCommodities
BulletPower BulletsEnergy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.