Poland scm energy

What is the energy transition in Poland?

Wholesale energy prices in Poland compared to other EU countries remain very high, and the economy’s dependence on imported fossil fuels is growing rapidly. In the latest, seventh edition of the “Energy Transition in Poland” report, Forum Energii presents the state of transition play and a broader look at the overall process.

Why is energy production increasing in Poland?

At the same time, energy production from natural gas increased, by more than 40%. This is a result of falling fuel prices and the flexibility of gas generation. Wholesale energy prices in Poland compared to other EU countries remain very high, and the economy’s dependence on imported fossil fuels is growing rapidly.

Who owns the energy sector in Poland?

The country’s energy sector is dominated by big, state-owned or partially state-owned companies, like the oil corporation Orlen or Polska Grupa Energetyczna (PGE), an energy company that owns coal plants and mines. Poland has managed to diversify its gas, oil and coal supplies, after being heavily reliant on imports from Russia.

How much money will Poland receive from the European Commission?

In June 2022, the European Commission announced that it has made 2.4 billion euro available to seven countries under a modernization fund to modernize their energy systems and reduce greenhouse gas emissions from energy, industry, and transport. Poland is to receive 244.2 million euros from this pool to improve energy efficiency in industry.

How will Poland increase its renewable power capacity by 2027?

Poland plans to increase its renewable power capacity through the development of offshore wind farms. By 2027, Poland expects 6GW power capacity to be generated by offshore wind. Poland has looked to the world’s largest players in renewable energy to help them develop the market.

How has Poland managed to diversify its energy supply?

Poland has managed to diversify its gas, oil and coal supplies, after being heavily reliant on imports from Russia. In 2023, subsidies were put in place to keep gas and electricity prices down - but this cost the state tens of billions of euros.