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Publication of preliminary results of main capacity market auction for the year 2026

  • No. of the report: 36/2021
  • Report date: 20.12.2021 11:02
  • Report legal ground: Art. 17 sect. 1 of MAR – inside information.

Contents of the report

With reference to the current report no. 35/2021, the Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”) notifies that on December 20, 2021 PSE S.A. published preliminary results of the main capacity auction for year 2026, including the clearing price of 400.39 PLN/kW/year. The price of capacity obligation in multi-year contracts will be adjusted every year with the annual average consumer price index.

At the same time, the Management Board of PGE discloses that total capacity obligation of 1 739.51 MW has been ultimately contracted for units owned by PGE Group, including:

- 329.01 MW for new units with 17-years capacity contract,

- 536.24 MW for modernized units with 7-years capacity contract,

- 824.27 MW for existing units with 1-year capacity contract, and

- 50.00 MW for DSR units with 1-year capacity contract.

The above clearing price is not a final result of power market 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. PGE will update this current report only if the final results of capacity market turn out substantially different from preliminary results.

Total capacity obligation contracted for units owned by PGE Group for the year 2026, including long-term obligations contracted in the auctions for the years 2021-2025, amounts to 9 155 MW.