Energy Environment Polish Briefing 4 August, 2023 8:00 am   
COMMENTS: Joanna Słowińska

Polish Briefing: Tauron teams up with State Forests I Polish Power Exchange update

Source: freepik Source: freepik

What goes in Poland on 4th of August.

Tauron and State Forests join forces

More than 650,000 oaks, pines, spruce and other trees were planted by the Tauron Group together with State Forests on nearly 100 hectares in Upper and Lower Silesia and in Lesser Poland. A forest of this size can absorb up to several hundred tons of carbon dioxide per year.

“We support the reduction of the carbon footprint in order for the Tauron Group to achieve climate neutrality. By 2030, we want to reduce emissions by 80 percent, and this will be possible thanks to new res capacities, as well as the decarbonization of the heating industry,” says Paweł Szczeszek, President of the Tauron Group. “Cooperation with State Forests allows us to increase the absorption of carbon dioxide through the implementation of the concept of the carbon forest,” the CEO adds.

The Tauron Group and the State Forests have enriched Polish forests with new pines, oaks, beeches, spruce trees, sycamores, alders and larches. Trees were planted in forest districts of Dąbrowa Tarnowska, Miechów, Koszęciny, Olesno, Głogów and Lądek-Zdroj on a total area of 100 hectares, the size of almost 140 football fields.

Tauron cooperates with State Forests as part of the Forest Coal Farms project. The aim of the project is to support initiatives whose goal is to use forests to increase the absorbtion of CO2 by modifying the standard sustainable forest economy. Thanks to this, a given part of the forest may absorb even more CO2 than before.

The concept of a coal forest involves conducting targeted forest activities and treatments through the introduction of a young generation of forests under the cover of old trees, the differentiation of deciduous tree species, the introduction of fleece and lining, as well as the reproduction of wetlands.

Tauron Group / Jacek Perzyński

Energy turnover on the Polish Power Exchange is up, but also down

Data from July show an increase in turnover of electricity on the next day market on the Polish Power Exchange (TGE). However, the volume of trade is dropping.

“The turnover of electricity on the next day market amounted to 4,227,807 MWh, which means a renewed year – on-year increase of up to several dozen percent-in July 2023, exactly by 85.6. For the sixth time this year, the monthly turnover in this market exceeded 4 TWh,”-the  Exchange has reported.

“In July 2023 the volume of power on TGE reached 10 281 974 MWh, which means a decrease of 14.2 percent compared to July 2022,” TGE revealed.

TGE reports that the average volume-weighted price for RDN formed in July this year at the level of PLN 551.46/MWh and this is an increase of PLN 0.53/MWh compared to the previous month.

Polish Power Exchange / Wojciech Jakóbik