POWER
- Poland’s March baseload power settled at PLN442.75/MWh compared to its settled price of PLN447.51/MWh on 13 February, according to data on Polish power exchange TGE.
- This is sharply lower than its settled price on 7 February at PLN473.57/MWh – when the contract settled around 6% higher on the week.
- EUA DEC 25 up 1.6% at 79.27 EUR/MT
- Rotterdam Coal MAR 25 down 0.7% at 99.6 USD/MT
- The March contract traded 25 times in 32 lots from 29 lots exchanged in the previous session.
- The contract opened at PLN440/MWh before steadily falling to a daily low of PLN434/MWh and then rebounding to end the session at PLN445/MWh.
- The unplanned outage at Poland’s 910MW Jaworzno 2 coal plant has been extended to 16 February from 15 February, however, the unit will be curtailed by 454MW compared 834MW previously planned.
- Average temperatures in Warsaw have been mostly revised down on the day over 15-19 February but will be on a general upward trend heading into next week and flip above the 30-year norm on 25 February.
- Closer in, the day-ahead dropped sharply to PLN569.76/MWh for Saturday delivery from PLN744.07/MWh for Friday as wind is expected to remain firm at 18% load factor tomorrow from 19% today.
- Typically lower power demand in the weekend also placed downward pressure on spot prices.
Looking slightly ahead, wind will then be between 9-58% load factors over 17-23 February (Mon-Sun) – likely leading to increased volatility on spot prices. The lowest amount of wind during the weekday is expected on 19 February at a 9% load factor, with the highest on 21 February at 34%.
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