Polish Briefing 25 August, 2020 11:00 am   
COMMENTS: Mateusz Gibała

Polish Briefing: Energy market and hydrogen at the PWEA Conference

What goes on in Poland on the 25th of August.

Zawistowski: A strong market allows will let us shape energy prices

– A well-organized and transparent energy market gives more value, which is the possibility of determining the market price and investment in the energy sector – said the president of TGE Piotr Zawistowski during the PWEA 2020 Conference in Serock. The head of the Stock Exchange also referred to the issue of renewable energy sources (RES).

– We need the energy market and we will not run away from it. The first reason is EU regulations. Even for the purposes of cross-border exchange. It is about building a model, a space that allows transactions, which builds the day-ahead or intraday market – said the president of TGE. He added that the possibility of determining the market price is one of the values ​​that comes with a well-organized, transparent, and liquid energy market.

President Zawistowski emphasized that no market can replace the physical situation. – If the production balance is not kept, no market will help here. It can send signals that will encourage investment in the future. One of the elements of investment valuation is the market. It is advisable to send the correct price signals that will allow for a valuation. They can also encourage the development of various other elements, e.g. to pay more for the service of reducing energy demand, he noted.

PGNiG wants to earn money on hydrogen technologies

PGNiG’s hydrogen strategy is based on the development of solutions and technologies for the production, refueling, transmission, distribution and storage of hydrogen, said Arkadiusz Sekściński, vice-president of PGNiG during the fifteenth PWEA conference in Serock.

The vice-president of PGNiG said that the production of green hydrogen in Poland, where the energy industry is based on coal, requires investments. PGNiG, which currently relies on natural gas, wants to develop its activities towards alternative fuels. One of them is hydrogen, and PGNiG has prepared a strategy in this regard. – The aim of the program is to implement hydrogen technologies, the key elements of the value chain of production, distribution, transport and storage. So it is a hydro tank project – i.e. hydrogen as a fuel in transport, a new fuel lab, the use of hydrogen in industrial energy, a power to gas project, hydrogen production using renewable energy sources and finally hydrogen storage in salt caverns.