About energy prices at the Pomeranian Employers' Energy and Climate Forum

Author

Arkadiusz Somnicki

Member of the Board

Already on October 15, 2021, at the Pomeranian Employers' Energy and Climate Forum, we will deal with the most timely topic - energy prices. Virtually every day the media reports about the sharp increase in energy prices. Until recently, entrepreneurs paid PLN 300 for each MWh of energy consumed. Currently, the rates exceed PLN 500 and although they are shocking - unfortunately - they are less and less surprising.

What will you learn at the meeting?

• How much will entrepreneurs' electricity bills increase? We will talk about energy and gas prices in 2022 and forecasts for the coming years. We will also analyze the current situation on the Polish and European market, which has an impact on the finances of our companies.
• How to negotiate energy prices with sellers? Here are some practical ways to pay less. Why is it worth taking a little more time to rethink your energy purchasing strategy? We will tell you about the products offered by sellers - what options are available for small and large enterprises.
• We will debunk the monopoly myth and encourage you to consider switching supplier. We will tell you about the secrets of energy sellers - which is not told to customers.
• What are the current market trends, ie energy that is becoming more and more renewable. Fashion or investment that saves money?
• How to increase the company's energy efficiency? We will talk about investments in our own energy generation sources and the use of technical solutions to reduce electricity bills.

September 2023 was a month full of events on the Polish gas market. We are approaching the key autumn-winter period of the year. This is statistically the most expensive season due to the increased demand for gas for heating purposes.

One of the main events on the gas market in September was the threat of a strike by employees of the LNG sector in Australia (concerning Chevron), which, if production was completely suspended, could affect approximately 7% of the global LNG gas supply (liquefied natural gas). ). Fortunately for customers, the LNG loading schedule was not disrupted. Ultimately, the strike ended after Chevron and Offshore Alliance accepted new proposals regarding employment conditions. These events, although they did not directly concern the Polish market, significantly contributed to price volatility on the Dutch TTF exchange, which is a reference point for European countries. Prices ranged from EUR 47.65/MWh to EUR 53.10/MWh, which means a volatility of 11%. In summary, the Chevron workers' strike had a potential impact on global LNG supply and gas prices, but ultimately did not significantly impact the market due to the quick resolution of the conflict.

20.09.2023

About energy and gas prices for Employers of Pomerania

On September 20, 2023, the "Prices of electricity and natural gas" workshops were held, organized by Employers of Pomerania based in Gdańsk, during which, together with the MGS LAW Legal Advisors' Office, we had the pleasure of presenting recommendations on price security to the numerous representatives of Pomeranian companies. media for the coming years.

At the meeting, we analyzed current and forecast market conditions, assessed their impact on future energy and gas bills, and discussed changes in law following amendments to the energy law.

17.05.2023

Through the eye of an expert. About the purchase of electricity for 2024

Many entrepreneurs take advantage of the current, relatively good market situation and have already started contracting electricity for 2024. Unlike in previous years, some companies have even completed it and are already making purchases for 2025. Companies for which the cost of energy purchase has a significant share in the entire cost structure more and more often base their decisions on individualized purchasing strategies tailored to the specificity of their operations, taking into account both current market conditions and scenarios in the event of their significant change. These strategies are the basis for the selection of the energy contracting model, they also allow for the implementation of investment or purchasing activities in the field of green energy, which is gaining in importance.

From mid-January 2023, the energy exchange prices for 2024 oscillate in the range of PLN 700-850/MWh. It can be said that this is quite a promotion, considering that in the previous six months these prices generally did not go below PLN 1000/MWh, and at the peak they even reached PLN 1800/MWh. Current prices for companies are approx. PLN 100-200/MWh higher than the exchange prices (this value includes the costs incurred by sellers related to profiling and balancing customers, the so-called "colors", excise duty, service costs, but also the accompanying risks of price changes and sellers margin of course).

18.11.2021

About energy prices at the Pomeranian Employers’ Energy and Climate Forum

Tags

Author

Arkadiusz Somnicki