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Result of main capacity market auction for the year 2024

  • No. of the report: 36/2019
  • Report date: 06.12.2019 13:59
  • Report legal ground: Art. 17 sect. 1 of MAR – inside information.

Contents of the report

The Management of PGE Polska Grupa Energetyczna S.A. (“PGE”) discloses that on December 6, 2019, as a result of capacity market auction for the year 2024 (the main auction), total capacity obligation of not less than 4332 MW has been contracted for generation units owned by PGE Group.

Auction clearing price has been set within the range between 235,91 and 269,58 PLN/kW/year and on the basis of article 38 par. 1 of the Capacity Market Act of December 8, 2017 - the price will be disclosed by PSE S.A within 3 business days.

Total capacity obligation involves:

- 1 335 MW for new units (17-years capacity contract)

- not less than 2 957 MW for units being modernized (including 2 598 MW with 5-years capacity contract and 359 MW with 7-years capacity contract)

- 40 MW for existing units (1-year capacity contract)

The above capacity obligations are not final results of capacity auction.

Final results are to be published by the President of Energy Regulatory Office on its website (in the section Biuletyn Informacji Publicznej) on the first business day following 21st day after the close of capacity auction. Until then all capacity obligation contracts are conditional.