Preliminary results of the capacity market main auction for 2027 published by Polskie Sieci Elektroenergetyczne S.A.
Belongs to:
- Current reports
Current report No. 49/2022
Date: 20 December 2022
Subject: Preliminary results of the capacity market main auction for 2027 published by Polskie Sieci Elektroenergetyczne S.A.
Legal basis: Article 17(1) MAR - inside information
Following the current report No. 47/2022 dated 15 December 2022, the Management Board of Energa SA ("Issuer") announces that on 20 December 2022 Polskie Sieci Elektroenergetyczne S.A. published preliminary results of the capacity market main auction for 2027, including the closing price for the capacity auction which is 406.35 PLN/kW/year.
The Energa Group companies concluded the following capacity agreements:
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 total revenues of the Energa Group in the year 2027 from the above-mentioned contracts may amount to ca. PLN 363.46 million.
With regard to the long-term contracts, the Issuer informs that the expected annual revenues, starting from year 2027, may amount to ca. PLN 9.16 million (total revenues over the period of 7 years may amount to ca. PLN 64.12 million) for Energa Wytwarzanie SA and ca. PLN 55.01 million (total revenues over the period of 5 years may amount to ca. 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.
The total value of the Energa Group capacity obligations for 2027 delivery resulting from the above-mentioned contracts and long term contracts from previous auctions is 2,108.782 MW.
The auction closing price provided does not constitute the final capacity auction result. 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 capacity contracts are concluded under the condition precedent.
Only if the final auction results differ from the interim results, will Energa SA publicly announce adjusted data.