Energy.

The Sejm Committee on Energy, Climate and State Assets gave a positive opinion on the draft budget for 2024 with about PLN 1 billion designated for restructuring mines.

The Council of Ministers adopted a regulation on the list of protected entities and the relevant oversight authorities as proposed by the Minister of State Assets. The protection of companies that require special consideration from the point of view of the order and security of Poland will be extended until the end of 2024.

The synchronization of Ukraine with the European Union stabilizes its electricity system impacted by the Russian invasion. The situation is constantly changing, because of reasons that include jumps in supply from renewable sources and problems with infrastructure attacked by Russians, but cross-border exchange gives benefits on both sides of the EU border.

Polish government and strategic companies in the energy sector are waiting for the appointment of a plenipotentiary for strategic energy infrastructure. Discussions are ongoing, but there is no resolution yet.

2023 was marked by the continuation of changes following the termination of gas supplies from Russia to Poland. The Yamal gas pipeline’s eastern entry point will be closed, while the Baltic Pipe is upping supply from Norway – writes Wojciech Jakóbik, editor-in-chief at BiznesAlert.pl.

Shifting away from fossil fuels in energy generation is becoming a necessity for both environmental and economic reasons. If Poland stuck with coal, the price of electricity on the wholesale market in the years 2030-2060 would be higher on average by up to 120 percent compared to a scenario where the development of renewable energy […]

The Ministry of Development Funds and Regional Policy, announced via social media that Poland had received a bank wire from the REPowerEU program. The amount is five billion euros, which is to be invested in green energy and technologies that support it.

Poland has a huge potential to develop its LNG sector and with a favorable economic policy, it can grow into the largest gas importer in Central and Eastern Europe – writes Magdalena Kuffel, contributor to BiznesAlert.pl.

The Senate Economy Committee has not introduced any amendments to the Law on Suspending the Payment of Obligations of the Bituminous Coal Industry – reports the Polish Press Agency (PAP). The amended bill pertains to PLN 1.82 billion out of which about 820 million is owed by Polska Grupa Górnicza (PGG) as contributions to the […]

Belarus has raised the tariff on oil supplies through the Friendship pipeline, including the northern thread, which transports fuel classified as from Kazakhstan to Germany. The increase by almost half prompts a search for a route outside Russia.