POWER
- Poland Feb baseload power settled at PLN457.74/MWh compared to its settled price of PLN455.29/MWh on 17 January, according to data on Polish power exchange TGE.
- This is the highest the contract has been since it settled at PLN458.65/MWh on 3 January. The contract has been on an upward trend since the previous session.
- EUA DEC 25 up 1.1% at 80.12 EUR/MT
- Rotterdam Coal FEB 25 up 2.3% at 110 USD/MT at 15:01GMT
- Average temperatures in Warsaw are expected to be sharply above the norm over 22 January-3 February, with temps forecast to reach as high as 7.95C on 29 January – compared to the 30-year norm of about -1.3C for the same day.
- The February contract traded 4 times in 4 lots down sharply from 44 lots exchanged in the previous session. This is the lowest amount of liquidity for the product since 20 December 2024.
- The contract opened at PLN457.95/MWh – the high for the day – before dropping to a low of PLN457.50/MWh in the middle of the session and ending at PLN457.75/MWh.
- Closer in, the day-ahead inched up on the day to PLN672.30/MWh for Tuesday delivery from PLN645.23/MWh for Monday amid wind expected at a 9% load factor tomorrow from an 11% load factor today.
- The spot was also supported as Poland’s 534MW unit 10 at its 2.2GW Kozienice 2 coal plant has had an unplanned outage today, with the unit disconnected until 23 January, latest Remit data show.
- Looking slightly ahead, wind is expected at an 8% load factor, or 0.722GW on 22 January (Wed) – which could support rising delivery costs.
Wind will then be between 32-47% load factors over 23-25 January – which could drop prices compared to the previous three sessions.
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