18.11.2021

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

Tagi

Autor

Arkadiusz Somnicki

Member of the Board

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

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.

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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).

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Join Enfree. Your future in the energy market.

The energy market poses more and more challenges to Polish companies. At Enfree, we help to face them - we develop energy purchase strategies for the largest recipients in the country and carry out purchasing processes for them.

If you know energy and would like to work with us, write to us. We are looking for support for our team.

Call us: +48 695 000 950

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Why is it not worth waiting with the purchase of energy for 2024?

Loudly in the network about "low", exchange prices of energy listed on the SPOT market in January 2023. (low from the perspective of the prices we faced in 2022). A relatively attractive price level favors entrepreneurs whose energy sales contracts enable the settlement of energy purchases taking into account the current exchange prices (the so-called Day-Ahead Market).

Settlement taking into account exchange prices, both futures market and DAM (SPOT) prices, is an increasingly popular form of settlement of energy sold to large electricity and gas consumers.

Why is it worth not delaying the signing of such an agreement for 2024? Because we gain more than we lose. The main advantage is the ability to react immediately to the market situation. When the time is right, the purchase can be made immediately. In order to take full advantage of this arrangement, it is important to have enough time to catch the price opportunities that occur throughout the year. Therefore, the beginning of the year is a good time to look around the market and choose electricity and gas suppliers for the next year.

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