Poland: Energa wishes to stop purchasing renewable power certificates

12/09/2017 16:09 Electricity Market

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According to Polish Energa calculations, an amount of around 110 million zlotys ($31.20 million) could be saved next year if it cancelled long-term contracts which were signed for purchasing certificates that displayed some of its power was produced from renewable sources.

 

In Poland, service providers which produce power from coal are obliged to get special certificates to sustain the renewable power industry.

  
The company officials stated that it would initiate legal steps to prove that contracts signed a long time ago aiming the purchase of so-called “green certificates” had a non-binding character.  


As it was declared by certain Energa representatives, the company will carry on meeting the requirements to acquire the “green certificates” but not under the contracts signed in the past.


If the company signs new contracts on buying the green certificates, it will save 2.1 billion zlotys in the next years.


The actual news has positively influenced the share price of Energa, which increased by 3 percent. 

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