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Poland fears imports of cheap German power – minister

Publisert 29.09.2014, sist oppdatert 05.09.2017

(Montel) Poland should be very cautious about opening its border with Germany for power imports, deputy economics minister Witold Pietrewicz told Montel on Friday. "Centrale-nucleaire-civaux". Illustrasjonsfoto Gudbrandsdal Energi.Hovedbilde_vind

The country is not against open markets, but it fears the devastating impact that subsidised German power will have on the Polish market, Pietrewicz said on the sidelines of "2030 package" climate conference in Warsaw. Increased imports from Germany could lower Polish power prices and hit the profits of energy companies.

However, isolating the Polish market is not a solution for the long term, he added.

PSE, Poland's state-owned TSO, shut the border for imports from Germany, Czech Republic and Slovakia earlier this year, blaming power loop flows from Germany for destabilising its power system.

The lack of imports drove Polish spot electricity prices far above those in Germany in July, traders said.

The Polish front year contract was last seen trading at EUR 41.2/MWh at one broker, EUR 6.3 above the similar contract on Germany's EEX.

Reporting by:

Marcin Czekanski
12:07, Friday, 26 September 2014

Editing by:
Snjólfur Richard Sverrisson
12:07, Friday, 26 September 2014

Editing by:
Jeff Coelho
12:07, Friday, 26 September 2014

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