TAURON Polska Energia -- die "polnische Uniper"

[faultcode]

Antwort auf Beitrag Nr.: 74.287.587 von faultcode am 09.08.23 14:30:46

ja

[faultcode]

schon durch?



Jedenfalls ist der Kurs mal wieder schon sehr heiß gelaufen charttechnisch gesehen.

[faultcode]

Wummms!



15.7.
Poland's PGE, Enea, Tauron, Energa get state offers for coal assets
https://sg.news.yahoo.com/polands-pge-enea-tauron-energa-151…
...
Polish state-controlled power utilities PGE, Enea, Tauron and Energa received offers from the state treasury for their coal-fired power plants in a planned overhaul of the energy sector.
...

The offer for the Tauron Wytwarzanie unit was a token 1 zloty along with repayment of some of the company's debt.

Poland plans to spin off the state-owned utilities' coal-fired power plants into a new state-owned company, NABE, making it easier for Warsaw to focus on green energy as many banks steer clear of financing coal-dependent companies.
...

Under the offer, NABE would have eight years to repay the debt of PGE and Enea as well as part of the Tauron unit's debt.
...

Tauron's generation unit debt, amounting to 6.3 billion zloty as of last September, will be reduced by 652 million zloty before the transaction by a conversion into its shares, while 2.1 billion zloty will be paid over eight years with 70% repayment guarantee from the treasury.

The companies said the proposed terms will be subject to negotiation and the deal will only be concluded if all four utilities agree.
...

[faultcode]

gefällige Q1-Zahlen..




..So-lala-Chart in 2023 soweit..




..aber immer noch hoch verschuldet:


<zum Vergleich: E.ON lag hier Ende 2022 bei ~2.7>

..und das bei gehobenem Zinsniveau in Polen seit Ende 2022 (aber seitdem stabil seitwärts) und wie man auch oben bei "Operating data" sehen kann, bei nachlassender Wirtschaftsleistung (und damit Stromerzeugung) in Polen:

Poland’s gross domestic product shrank 0.3% year-on-year in the first quarter of 2023, shifting from an upwardly revised 2.3% expansion in the previous three-month period and coming below preliminary estimates of 0.2% contraction.
https://tradingeconomics.com/poland/gdp-growth-annual

[faultcode]

31.8.
Polish Stocks Turn World’s Worst in 2022 on European Energy Woes
https://news.yahoo.com/polish-stocks-turn-world-worst-101354…
...
After a selloff in August, Polish stocks are the world’s worst equity performers this year, highlighting their vulnerability to Europe’s energy crisis as well as fears of more government intervention.

Warsaw’s WIG20 index is heading for an 11% decline in August, the biggest drop among 92 major global equity gauges tracked by Bloomberg. Polish stocks have sunk 32% this year, on track for their worst showing since the 2008 crisis, and are trading at the lowest valuations relative to peers in history.

The selloff has been amplified by the retreat of utilities, with the country’s biggest electricity company PGE SA dropping 30% this month. The scarcity and surging costs of coal -- the main fuel for Polish power production -- is trimming profits as power producers’ output is largely tied up in longer-term contracts where prices can’t be immediately adjusted to market levels.

Uncertainty over how the state will seek to reduce the impact of higher prices on households and key companies is also keeping investors away from utilities. Meanwhile, banks have dropped this year as the government introduced costly mortgage moratoriums to quell public anger over fast-rising borrowing costs.

The macro picture hasn’t been so gloomy in years, with war raging in neighboring Ukraine and inflation surging to 16.1% in August, the highest level since 1996. The economy is set to slow and may enter a technical recession amid weaker demand from local consumers and Poland’s main trading partners in the European Union.

All of this means that WIG20 companies are trading at 5.8-times this year’s projected earnings, the lowest valuation since the index was launched in 1994.

A rebound is unlikely until investors get a better sense of how Europe will survive this winter’s energy crisis, when cuts in Russian gas supplies will have most impact, according to Rafal Janczyk, a fund manager at TFI Allianz Polska SA.

“Foreign investors are worried about Poland’s status as a frontier country to the war in Ukraine and state interventions in the biggest-listed companies,” Janczyk said. “Meanwhile, Polish funds lack inflows from clients, who are instead lured by higher interest rates.”

[faultcode]

soweit ist es schon mit der "Energiewende" in Europa gekommen:

6.12.
Sweden Starts Oil-Fired Plant to Help Poland Avoid Power Outages
https://www.bnnbloomberg.ca/sweden-starts-oil-fired-plant-to…
...
Sweden started an oil-fired reserve power plant after Poland said it needed help from its neighbors to meet soaring electricity demand as freezing weather spread across Europe.

The plant in Karlshamn, which is part of a winter reserve, was ordered to start after Poland asked for assistance to cover a deficit of as much as 1,700 megawatts for some hours on Monday, the Swedish grid manager said in a statement. The two countries are connected by a 600-megawatt direct link.

“Even if Sweden has relatively high consumption on Monday, it will be possible to support Poland,” Pontus de Mare, head of operations at Svenska Kraftnat, said in the statement.

Polish power prices rose to 240.59 euros ($272) per megawatt-hours for Monday, the highest since February launch of its day-ahead market on Nord Pool, with temperatures in Warsaw expected to fall to -9 degrees Celsius this week. Prices in the south of Sweden, where the Karlshamn plant in located, surged to a record 290.06 euros.

Stockholm will see temperatures as low as -15 celsius this week.

The Uniper SE-operated plant was due to produce 330 megawatts between 5 a.m. and 9 a.m. on Monday, according to a filing with Nord Pool.

Europe’s energy crunch saw the Karlshamn facility -- usually the last reserve in the Swedish power system -- already pressed into service in September after record power prices spilled over into Scandinavia.

[faultcode]

Antwort auf Beitrag Nr.: 69.155.039 von faultcode am 26.08.21 11:48:33

das hat Brüssel (und Berlin) gut hinbekommen:

TTF now trading at $105/barrel of oil equivalent


https://twitter.com/JHuckstepp/status/1433485620459057156

TTF = Title Transfer Facility (NL) --> https://de.wikipedia.org/wiki/Title_Transfer_Facility

[faultcode]

Antwort auf Beitrag Nr.: 69.133.754 von faultcode am 24.08.21 12:45:46

Zitat von faultcode: auch in Polen wird man sich - neben Frankreich, Tschechien und Österreich - auf den erhöhten Export von Strom nach Deutschland einstellen (müssen)...

so ist es:


https://www.bloomberg.com/news/articles/2021-08-25/german-po…

[faultcode]

auch in Polen wird man sich - neben Frankreich, Tschechien und Österreich - auf den erhöhten Export von Strom nach Deutschland einstellen (müssen):

23.8.
Germany Flirts With Power Crunch in Nuclear and Coal Exit
https://www.world-energy.org/article/19838.html
...
One of Germany’s biggest challenges in the fight against climate change is to keep the lights on.

As Europe’s biggest economy shuts its last nuclear reactor next year and utility RWE AG warns that coal plants may close earlier than planned, critics say green energy isn’t being added quickly enough. Germany’s ability to meet peak demand is poised to shrink rapidly over the next two years, increasing the risk of blackouts.

In a last push to save her fading reputation as ‘The Climate Chancellor’ before stepping down after next month’s election, Angela Merkel announced Europe’s strictest emissions goals. But the green power revolution she fronted for almost two decades is running out of steam just as the electrification of the economy will increase demand.

“There is no doubt that security of supply must be high on the priority list of the next government and political action is urgent,” said Alexander Nolden, chief economist at RWE. “The new climate law is a real game changer for Germany. It means a much higher ambition and will demand much higher speed for the changes needed.”
...

RWE, which operates coal plants in Germany and abroad, said Aug. 12 that it is “conceivable” the next government will revise the plan to phase out lignite, the dirtiest form of coal. Currently, the exit should be complete by 2038.

[faultcode]

...
https://www.spiegel.de/wirtschaft/service/strom-in-deutschla…


spätestens mit dem gesetzlich beschlossenen Abschalten von Grohnde und Isar II bis spätestens Ende 2022 wird Deutschland zum dauerhaften Strom-Importeur.

Vor allem in Polen, Tschechien und Österreich reibt man sich jetzt schon die Hände:




=> merke: in Deutschland kommt der Strom aus der Steckdose