Current Report No. 53/2018

Belongs to:

  • Reports

Title: Results of the capacity market auction for 2023 for entities belonging to the ENERGA Group and Elektrownia Ostrołęka Sp. z o.o.

Date: 21 December 2018

Legal basis: Article 17(1) MAR - confidential information

The Management Board of ENERGA S.A. announces that on 21st of December 2018, as a result of the capacity market auction for 2023 (main auction), a total of 477 MW of capacity obligation for existing units and Demand Side Response (with a 1 year capacity contract) belonging to the ENERGA S.A. Group was contracted.

The closing price of the auction is within the 189,95 - 217,06 PLN/kW/year range, and pursuant to Article 38.1 of the Capacity Market Act of 8 December 2017, it will be made public by Polskie Sieci Elektroenergetyczne S.A. within 3 working days.

Furthermore, the Management Board of ENERGA S.A. announces that, it has received information from Elektrownia Ostrołęka Sp. z o.o. ("Company"), in which Energa S.A. holds 50% of shares and the same number of votes at the shareholders' meeting, on the result of the capacity market auction for 2023. A total of 853 MW of capacity obligation (with a 15 years capacity contract) belonging to the Company was contracted.

The above capacity obligations are not the final results of the capacity auction. The final results of the capacity auction shall be announced by the President of the Energy Regulatory Office in the Public Information Bulletin on his website, on the first working day following the 21st day after the end of the capacity auction. Until then, all contracts of sale of capacity obligations are conditional.

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