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    Home > Chemicals Industry > International Chemical > Poland plans to abolish the existing mandatory system for electricity trading

    Poland plans to abolish the existing mandatory system for electricity trading

    • Last Update: 2023-01-03
    • Source: Internet
    • Author: User
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    Poland plans to cancel the obligation of power groups to sell all electricity generated by their electricity trading, arguing that this rule, which has been implemented since 2018, has had a negative impact
    on energy companies.

    According to the government website, the government is expected to pass a draft
    law abolishing this obligation in the second quarter of 2021.

    In a statement, the climate ministry said: "Power producers .
    .
    .
    It will still be possible to trade
    on the exchange.
    At the same time, electricity can be sold under bilateral contracts for economic reasons
    .

    Since the end of 2018, Polish power groups, including state-owned PGE, Enea, Energa and Tauron, have been forced to sell all their electricity
    through exchanges.

    The program was launched to prevent rising electricity prices, which is seen as a key move
    in the development of Poland's energy market.

    But rising carbon emissions costs and difficulties in raising capital from banks for refusing to work with coal-fired companies have added pressure
    to state-owned enterprises.

    Poland gets most of its electricity from coal, but rising emissions costs and the EU's climate policies have prompted the government to seek cleaner energy sources
    .

    Poland plans to cancel the obligation of power groups to sell all electricity generated by their electricity trading, arguing that this rule, which has been implemented since 2018, has had a negative impact
    on energy companies.

    According to the government website, the government is expected to pass a draft
    law abolishing this obligation in the second quarter of 2021.

    In a statement, the climate ministry said: "Power producers .
    .
    .
    It will still be possible to trade
    on the exchange.
    At the same time, electricity can be sold under bilateral contracts for economic reasons
    .

    Since the end of 2018, Polish power groups, including state-owned PGE, Enea, Energa and Tauron, have been forced to sell all their electricity
    through exchanges.

    The program was launched to prevent rising electricity prices, which is seen as a key move
    in the development of Poland's energy market.

    But rising carbon emissions costs and difficulties in raising capital from banks for refusing to work with coal-fired companies have added pressure
    to state-owned enterprises.

    Poland gets most of its electricity from coal, but rising emissions costs and the EU's climate policies have prompted the government to seek cleaner energy sources
    .

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