24.08.2022 • CR no 45/2022
PGE's unique on a European scale energy storage project in Żarnowiec with a capacity of no less than 200 MW has obtained the first license promise in Poland for electricity storage in a large-scale electrochemical energy storage facility. The promise was issued by the President of the Energy Regulatory Office.
PGE has for quite some time been calling for the reform of EU’s Emissions Trading System (EU ETS). The most recent price swings and allowance shortages demonstrate that the EU ETS is no longer motivating energy producers to invest in renewable energy sources. The president of PGE’s management board, Wojciech Dąbrowski, presented the conclusions from a report prepared by Compass Lexecon, which identifies specific problems with the ETS market that lead to price volatility and a lack of market’s predictability.