POWER
- Poland’s March baseload power settled at PLN429.85/MWh compared to its settled price of PLN434.72/MWh on 25 February, according to data on Polish power exchange TGE.
- EUA DEC 25 down 0.9% at 71.08 EUR/MT
- Rotterdam Coal MAR 25 down 0.8% at 93.5 USD/MT
- The contract hit its lowest price since 17 February at PLN429.61/MWh
- The March contract traded 40 times in 48 lots from 76 lots exchanged in the previous session.
- The contract opened at PLN430.50/MWh before dropping to a daily low of PLN429.25/MWh and climbing sharply to a daily high of PLN435/MWh. It ended the session at PLN429.50/MWh.
- Average temperatures in Warsaw were revised up over 27 February-3 March by as much as 2C and will remain above the seasonal average until 12 March.
- Wind speeds in Poland were also revised up over 27 February- 3 March by as much as 1m/s but will remain mostly below the 30-year norm throughout the 6-10 day forecasts.
- Closer in, the day-ahead fell to PLN576.45/MWh for Thursday delivery from PLN584.88/MWh for Wednesday as Polish wind is expected at an 7% load factor tomorrow from 8% today.
- Additionally, the unplanned outage at Poland’s 910MW Jaworzno 2 coal plant has been extended to 28 February from 27 February, with unit still curtailed by 424MW.
- However, temperatures are anticipated to rise to 4.55C tomorrow from 4.45C today.
- Looking slightly ahead, wind will then be at a 4% load factor on 28 February – which could continue to keep spot prices elevated.
Wind will then be between 7-82% load factors over 3-7 March, with the highest amount of wind over 4-5 March at 81-81% factors. The lowest amount will be on 7 March at just a 7% load factor.
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