PGE’s 3Q 2021 results. Record in energy prices, and this is not the end. PGE has increased its CO2 emissions by leaps and bounds

On Tuesday, the wholesale price of electricity on the TGE exchange reached its historical record. This is a consequence of the sharp increase in the prices of CO2 emission allowances. It turns out that the largest emitter in the country, instead of reducing it, produced this gas by 23 percent. more.

  • Less downtime and commissioning of a new lignite-fired power plant unit in Turów increased CO2 emissions at PGE by leaps and bounds
  • At the same time, the price of CO2 allowances is rising. In recent days, it is already scraping 70 euros per ton
  • This translates into record wholesale electricity prices
  • PGE estimates that CO2 prices will grow strongly in the coming years
  • The PGE Group recorded a profit of PLN 561 million in the third quarter. However, this is the effect of selling CO2 hedging contracts for delivery in December and replacing them with those for delivery in March next year.
  • More such information can be found on the main page of Onet.pl

As much as 17.9 million tons of CO2 was emitted by the PGE group in the third quarter – stated in the company’s financial report. Not only is it a historic record, it is also an issue was greater by as much as 22.8 percent. Every year, it follows from our calculations. A year ago, in the third quarter, the PGE group emitted 14.6 million tonnes, and two years ago – 14.4 million tonnes. Compared to the second quarter of this year. the issue increased by 0.9 percent.

About Eric Wilson

The variety offered by video games never ceases to amaze him. He loves OutRun's drifting as well as the contemplative walks of Dear Esther. Immersing himself in other worlds is an incomparable feeling for him: he understood it by playing for the first time in Shenmue.

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