Preliminary results of the capacity market main auction for 2028 published by Polskie Sieci Elektroenergetyczne S.A.
Belongs to:
- Current reports
Current report No. 33/2023
Date: 18 December 2023
Subject: Preliminary results of the capacity market main auction for 2028 published by Polskie Sieci Elektroenergetyczne S.A.
Legal basis: Article 17(1) MAR - inside information
Following the current report No. 32/2023 dated 14 December 2023, the Management Board of Energa SA ("Issuer") announces that on 18 December 2023 Polskie Sieci Elektroenergetyczne S.A. published preliminary results of the capacity market main auction for 2028, including the closing price for the capacity auction which is 244.90 PLN/kW/year.
The Energa Group companies concluded capacity agreements for existing units and demand side response units. In total, 555.749 MW of capacity obligations were contracted.
The total revenues of the Energa Group in the year 2028 from the above-mentioned contracts may amount to ca. PLN 136 million.
The total value of the Energa Group capacity obligations for 2028 delivery resulting from the above-mentioned contracts and long term contracts from previous auctions is 1,928.018 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 the Issuer publicly announce adjusted data.