POWER: Poland’s April Rebounds on Temps, Unplanned Coal Plant Outage

Poland’s April has rebounded amid a downward revision of average temperatures in Warsaw, with an unplanned outage at the 910MW Jaworzno 2 coal plant today. However, oscillating price moves in European coal and declines in EU ETS limited gains.

• Poland’s April baseload power settled at PLN417.50/MWh compared to its settled price of PLN415.65/MWh on 5 March, according to data on Polish power exchange TGE.
• The contract rebounded to its highest since 3 March at PLN422.10/MWh
• EUA DEC 25 down 2.6% at 66.98 EUR/MT
• Rotterdam Coal APR 25 down 0.2% at 95.85 USD/MT
• The April contract traded 32 times in 32 lots from 50 lots exchanged in the previous session.
• The contract opened at PLN415/MWh before dropping to a daily low of PLN414.50/MWh and climbing to a daily high of PLN418.50/MWh. The contract ended the session at PLN417.50/MWh.
• The 910MW Jaworzno 2 coal plant had an unplanned outage today, with the unit fully offline until 17 March.
• The outage is due to an emergency repair.
• Average temperatures in Warsaw were mostly revised down over 7-11 March and will begin cooling sharply from 11 March, dropping below the seasonal average over 13-16 March.
• Closer in, the day-ahead continued to climb, reaching a weekly high of PLN463.07/MWh for Friday delivery from PLN348.06/MWh for Thursday as Polish wind is expected at a 9% load factor tomorrow from 44% today.

• Looking slightly ahead, wind will then be at a 5% load factor on 8 March (Sat) – which could limit losses from lower weekend demand.