Polish GOs Market Quotes Show Diverse Price Trends in November 2023
The latest indicative prices as of 09 November 2023 show a sharp fall in Polish GOs prices for renewable energy produced in 2023 and 2024. The current year GOs suffered the most, losing 15% of their value, while the 2024 vintage GOs dropped by 9%. This narrowed the premium between the Polish 2023 GOs and the AIB average to 0.7 Euro/MWh. However, the forward vintages 2024 to 2026 production still trade at a discount of up 0.1 to 0.5 Euro/MWh compared to AIB peers.
Legal Updates Over the summer Poland amended the Energy Law and certain other acts. The law includes a windfall tax which imposes a 97% tax on the sale price of GOs. According to the amended act, the tax only applies to GO transfers (for transactions done...
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