MNI: PBOC Net Injects CNY93.6 Bln via OMO Tues

MNI: PBOC Sets Yuan Parity Lower At 7.1884 Tues; -2.65% Y/Y

MNI DEC CHICAGO BUSINESS BAROMETER 36.9 VS NOV 40.2

CHINA DEC MANUFACTURING PMI 50.1 VS 50.3 IN NOV

MNI: China CFETS Yuan Index Down 0.13% In Week of Dec 27

MNI: PBOC Net Drains CNY20.5 Bln via OMO Mon

EZ/UK Bond Supply Calendar: BOE APF Sales Due 6 January

MNI: US NAR NOV PENDING HOME SALES INDEX 79 V 77.3 IN OCT

MNI: SPAIN DEC FLASH HICP +0.4% M/M, +2.8% Y/Y

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

POWER: Poland’s Jan 25 Edge’s Down On EU ETS, Coal

POWER
BulletPower BulletsEnergy BulletsCommodities

Poland’s Jan 25 power contract has fallen slightly from the previous session to track losses in Emissions, with unchanged prices in coal providing limited support. However, temperatures in Warsaw are expected to get cooler, dropping into negative territory over 5-9 Dec – possibly increasing heating demand. But with limited works at power plants over January 2025 – a strong power supply could keep prices somewhat subdued.

  • Poland Jan25 baseload power settled at PLN477.36/MWh compared to its settled price of PLN478.38/MWh on 27 Nov, according to data on Polish power exchange TGE. The contract has been on a general downward trend since 22 Nov.
  • EUA DEC 24 down 1.2% at 67.66 EUR/MT
  • Rotterdam Coal DEC 24 up 0% at 119.75 USD/MT
  • Average temperatures in Warsaw are set to flip below the seasonal norm over 5-9 Dec to be between minus 0.1C and minus 1.9C
  • Limited maintenance and generation units is expected over January, with unplanned works over 7-17 January 2025 expected at just one 242MW unit of the 1.9GW Polaniec coal plant. And at the 630MW Plock gas plant over 11-14 January.
  • But no works are expected at the 5.1GW Belchatow coal plant, 2.2GW Kozienice 2 and 1.8GW Kozienice 1 plants, latest Remit data sow.
  • The Jan 25 contract traded 7 times in 8 lots from 10 lots exchanged in the previous session.
  • Jan opened at PLN478/MWh – the high for the day – before dropping to PLN476/MWh – the low for the day – towards the end of the session.
  • Closer in, the day-ahead rose to PLN644.82/MWh for Friday delivery from PLN515.58/MWh for Thursday amid wind output forecasts to be at 2.43GW tomorrow compared to 4.64GW today, with demand unchanged on the day.
  • Looking slightly ahead, wind is expected to drop to 1.10GW on 30 Nov (Sat) – which may support delivery prices, however, with lower demand on the day anticipated at between 15.95-21.10GW – prices will likely be weighed down.
  • Wind will then be at 2.33-3.98GW over 1-2 Dec, with demand on 1 December at between 14.45-19.25GW – weighing on delivery.




     

 

 

 

 

 

 

 

 

 

 

331 words

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.

Poland’s Jan 25 power contract has fallen slightly from the previous session to track losses in Emissions, with unchanged prices in coal providing limited support. However, temperatures in Warsaw are expected to get cooler, dropping into negative territory over 5-9 Dec – possibly increasing heating demand. But with limited works at power plants over January 2025 – a strong power supply could keep prices somewhat subdued.

  • Poland Jan25 baseload power settled at PLN477.36/MWh compared to its settled price of PLN478.38/MWh on 27 Nov, according to data on Polish power exchange TGE. The contract has been on a general downward trend since 22 Nov.
  • EUA DEC 24 down 1.2% at 67.66 EUR/MT
  • Rotterdam Coal DEC 24 up 0% at 119.75 USD/MT
  • Average temperatures in Warsaw are set to flip below the seasonal norm over 5-9 Dec to be between minus 0.1C and minus 1.9C
  • Limited maintenance and generation units is expected over January, with unplanned works over 7-17 January 2025 expected at just one 242MW unit of the 1.9GW Polaniec coal plant. And at the 630MW Plock gas plant over 11-14 January.
  • But no works are expected at the 5.1GW Belchatow coal plant, 2.2GW Kozienice 2 and 1.8GW Kozienice 1 plants, latest Remit data sow.
  • The Jan 25 contract traded 7 times in 8 lots from 10 lots exchanged in the previous session.
  • Jan opened at PLN478/MWh – the high for the day – before dropping to PLN476/MWh – the low for the day – towards the end of the session.
  • Closer in, the day-ahead rose to PLN644.82/MWh for Friday delivery from PLN515.58/MWh for Thursday amid wind output forecasts to be at 2.43GW tomorrow compared to 4.64GW today, with demand unchanged on the day.
  • Looking slightly ahead, wind is expected to drop to 1.10GW on 30 Nov (Sat) – which may support delivery prices, however, with lower demand on the day anticipated at between 15.95-21.10GW – prices will likely be weighed down.
  • Wind will then be at 2.33-3.98GW over 1-2 Dec, with demand on 1 December at between 14.45-19.25GW – weighing on delivery.