Poland to launch power capacity market in 2018

The ministry of energy is working on a bill to introduce power capacity auctions by 2018. “Our schedule is to enact a bill on the capacity market to end-year for it to go into effect in 2018 and to launch certification processes to make it possible to conduct the first capacity auctions in 2018 and issue all directives,” Tomasz Dąbrowski from the energy ministry said. “We will maintain the solutions regarding the division of auctions for baskets dedicates for new, modernized and existing power units,” he said, adding that foreign companies will be allowed to participate in the auctions. First deliveries of power from the auctions would occur in 2021. “The capacity market may cause a certain reduction of power prices on the wholesale market, but the prices for end-users mot likely won't be affected,” Tauron CEO Jarosław Broda said.