Preliminary results of the capacity market main auction for 2029 published by Polskie Sieci Elektroenergetyczne S.A.
Belongs to:
- Current reports
Current report No. 46/2024
Date: 17 December 2024
Subject: Preliminary results of the capacity market main auction for 2029 published by Polskie Sieci Elektroenergetyczne S.A.
Legal basis: Article 17(1) MAR - inside information
Following the current report No. 45/2024 dated 12 December 2024, the Management Board of Energa SA ("Issuer") announces that on 17 December 2024 Polskie Sieci Elektroenergetyczne S.A. published preliminary results of the capacity market main auction for 2029, including the closing price for the capacity auction which is 264.90 PLN/kW/year.
The Energa Group companies concluded the following capacity agreements:
1. 542,999 MW for existing units and Demand Side Response (with a 1 year capacity contract),
2. 18,620 MW for new units (with a 17 years capacity contract).
The total revenues of the Energa Group in the year 2029 from the above-mentioned contracts may amount to ca. PLN 148,77 million.
With regard to the long-term contracts, the Issuer informs that the expected annual revenues, starting from year 2029, may amount to at least PLN 4,93 million (total revenues over the period of 17 years may amount to at least PLN 83,85 million) for new units, 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 2029 delivery resulting from the above-mentioned contracts and long term contracts from previous auctions is 1,933.888 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.