Summary of the capacity market main auction for 2027 for entities belonging to the Energa Group
Belongs to:
- Current reports
Current report No. 47/2022
Date: 15 December 2022
Subject: Summary of the capacity market main auction for 2027 for entities belonging to the Energa Group
Legal basis: Article 17(1) MAR - inside information
The Management Board of Energa SA ("Issuer") announces that on 15 December 2022, as a result of the capacity market main auction for 2027, a total of 894.461 MW of capacity obligation was contracted for units belonging to the Energa Group, including:
1) 736.513 MW for existing units and Demand Side Response (with a 1 year capacity contract),
2) 154.158 MW for units being modernized (including 135.390 MW with a 5 years capacity contract and 18.768 with a 7 years capacity contract),
3) 3.790 MW for new units (with a 7 years capacity contract).
The closing price of the auction is within the 406.35-372.51 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 PSE S.A. within 3 working days.
The total revenues of the Energa Group in the year 2027 from the above-mentioned contracts may amount to at least PLN 363.44 million.
With regard to the long-term contracts, the Issuer informs that the expected annual revenues, starting from year 2027, may amount to at least PLN 9.16 million (total revenues over the period of 7 years may amount to at least PLN 64.12 million) for Energa Wytwarzanie SA and at least PLN 55.01 million (total revenues over the period of 5 years may amount to at least PLN 275.05 million) for Energa Elektrownie Ostrołęka SA, whereas the price of the capacity obligation for long-term capacity contracts will be subject to an annual indexation of the average annual consumer price index.
PSE S.A. will make public the preliminary results of the above-mentioned capacity auction within 3 working days from the auction date. 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.