In the middle of each month, we publish a set of key statistics on the coal market in Poland on our blog and X (Twitter). The data is published with a 1.5-month delay, following announcements by the Energy Market Agency and the Industrial Development Agency, Katowice Branch.
Hover over the charts to display the data in detail.
Data – February 2024
Symbols represent
↗️ increase,
↘️ decrease,
= marginal or no difference in comparison with the previous month.
ELECTRICITY PRODUCTION FROM COAL
75% of electricity produced came from emissive fuels, out of which 36.3% from hard coal and 19.8% from lignite. The demand for domestic electricity was lower than in January, which made thermal power plants reduce their output. Wind continues to be one of the primary energy sources.
COAL PRODUCTION – 3.72 Mt ↘️
COAL SALES – 3.24 Mt ↘️
Hard coal production decreased to 3.7 million tonnes (-10% m/m and +0% y/y). Sales experienced an even bigger fall – to 3.24 million tonnes (-19% m/m and -18% y/y).
HARD COAL RESERVES IN POLAND (TOTAL) – 12.9 Mt ↗️
HARD COAL RESERVES AT MINING SITES – 4.7 Mt ↗️
HARD COAL RESERVES AT MINING SITES, BELONGING TO POWER PLANTS – 0.3 Mt ↘️
HARD COAL RESERVES AT POWER PLANTS – 7.9 Mt ↘️
Unresolved is the problem of piling up coal stocks, which after 2 months of decline during the peak demand period, have risen again, albeit slightly. There are no takers for the amount produced by Polish mines, especially in view of the large amount of imported coal – remaining in stock, but also incoming. Although the record year in terms of imports was 2022 (14 million tonnes), it was still as much as 8.2 million tonnes in 2023, because foreign raw material is cheaper. Hence, government ideas for non-market interventions are emerging.
EMPLOYMENT – 76 052 ↘️
Employment has been hovering around 76 000 since last October – in February it stood at 76,052 – and is 704 FTEs higher than a year ago, despite similar production and almost 20% lower sales.
COAL PRICE FOR ELECTRICITY GENERATION (PSCMI1) – 485 PLN/t ↘️
The PSCMI1 index continued its decline (-4% m/m, -30% y/y). It amounted to 485 PLN/t, which is already 220 PLN/t (30%) lower than last year’s average, but still as much as 80 PLN/t higher than the average back in 2022 and 1.5 times more expensive than coal from import.
COAL PRICE FOR HEATING (PSCMI2) – 607 PLN/t =
The PSCMI2 index remained on the same level of 607 PLN/t (+0% m/m, -45% y/y). This value is 290 and 180 PLN/t lower than the 2023 and 2022 averages, respectively.
Please visit the rest of the website for more data and knowledge about the power sector and coal mining in Poland.
Contact
Wojciech Przedlacki, Product Owner energy.instrat.pl, wojciech.przedlacki@instrat.pl
