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Current reports

Current reports

Current reports

Current report no. 30/2019

Results of the capacity market auction

 

Legal basis:

Art. 17 item 1 MAR – inside information

 

 

Contents of the report:

Zespół Elektrowni Pątnów-Adamów-Konin SA („Company”) informs hereby about the results of the capacity market auction for the deliveries in 2024, carried out on December 6th, 2019 („Auction”) in which the generation assets of ZE PAK SA Group were involved.

 

The Group contracted a total of 628 MW (Capacity Obligation, CO). The closing price of the Auction, which ended in the 5th round, is in the range from PLN 235.91 kW/year to PLN 269.58 kW/year. The final closing price of the Auction will be made public by Polskie Sieci Elektroenergetyczne SA within the time limit specified in the Act of 8 December 2017 on the capacity market ("Act").

 

The generating assets of ZE PAK SA Group, participating in the Auction, as existing generating units, concluded capacity contracts for one year of supplies, thus contracting the total capacity obligation in the amount of 588MW.

In addition, as a result of the Auction, ZE PAK SA concluded a capacity contract for 17 years of supply, contracting 40MW of the capacity obligation for a new unit of the generation capacity market (including the so-called "green bonus").

 

Winning in the Auction means that the available power resulting from the CO will remain ready for the delivery of electrical power to the system or for the delivery of a certain power to the system during the period covered by the power contract.

 

Due to the provisions of Article 39 of the Act on the capacity market, stating that it is the President of ERO who announces the final results of the auction, the above contracted CO for the Group is not final, and the capacity contracts concluded as a result of winning the main auction for 2024 are conditional until this announcement.

 

 

Signatures of persons representing the Company:

Henryk Sobierajski – President of the Management Board

Maciej Nietopiel – Vice President of the Management Board

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