Search results
Sorry, nothing was found
No notes
Your basket is empty
Send to printer
delete

The TAURON Group as the largest electricity distributor and the second largest electricity seller and producer in Poland is an extremely important element for maintaining Poland’s energy security.

The main task of the energy sector is to ensure regular and reliable energy supply. The importance of a high level of energy security is incontrovertible because the condition of energy industry directly affects the operation of all the branches of industry and the society. It is understandable than that energy problems at the level of the European Union arouse such a great interest and emotions.

The TAURON Group is a greatly important element of Poland’s energy system. [EN-DMA] [G4-4] Most energy in the Group is produced by conventional units – 5 power plants and 3 combined heat and power plants, concentrated in TAURON Wytwarzanie and TAURON Ciepło respectively. In 2016, the capacity of all the units (conventional and renewable) belonging to the TAURON Group was over 6.1 GW, which is similar to the previous year (6.3 GW*).

 * The value calculated according to the GRI methodology

Installed capacity in MW broken by the type of used fuel
Export table to Excel Zoom
[G4-EU1] Installed capacity in MW by the type of used fuel TOTAL
2016 2015
Hard coal 5 314 5 672
Natural and coking gas 160 85
Biomass 190 190
Heating oil 132 90
Wind power 201 201*
Water power 143 143*

* Typographical error for 2015 corrected in respect of wind and water energy.

Installed capacity broken by basic energy source
Export table to Excel Zoom
[G4-EU1] Installed capacity broken by type of production unit TOTAL
2016 2015
Power plants [MWe] 4 610 4 850
Combined heat and power plant [MWe] 347 281
Combined heat and power plants [MWt] 1 014 1 093
Heat plants [MWt] 169 156
Net amount of energy produced broken down by main energy source (and requirements of the Polish regulatory authority)
Export table to Excel Zoom
[G4-EU2] Electricity [GWh] Heat [GJ]
2016 2015 2016 2015
Hard coal 13 444 14 750 8 851 974 8 164 857
Slurry 112 136 231 305 206 001
Natural and coking gas 4 8 150 121 77 650
Biomass 532 844 835 294 1 255 863
Wind power 410 467 0 0
Water power 377 310 0 0
Liquid fuels 107 112 70 786 84 616
TOTAL 14 997 16 628 10 139 480 9 788 988

 

Read more about the value chain.

Conscious and responsible management of the environmental impact and optimization of energy use are among the foundations of the TAURON Group’s activity. Energy demand is restricted by implementing new technological solutions and eliminating energy intensive solutions. An important aspect of energy management is the ongoing monitoring of its use. Any irregularities observed, unusual increases, etc. are immediately analyzed, which makes it possible to respond quickly.

As a result of the actions taken in 2016, the total use of energy from non-renewable sources in companies from the TAURON Group fell by nearly 10% (year on year).

 

Raw materials used by weight and volume in GJ
Export table to Excel Zoom
  [G4-EN3] TOTAL
2016 2015
Coal 152 670 893 167 174 547
Natural and coking gas 314 734 237 229
Slurry 1 494 420 1 554 116
Heating oil 1 250 012 1 343 143
Liquid fuels 41 046 38 565
TOTAL* 155 771 105 170 347 601

*Without ZG Brzeszcze.

Total energy use from renewable sources in GJ
Export table to Excel Zoom
[G4-EN3] TOTAL
2016 2015
Biomass 6 439 734 10 186 432
Wind power 118 644 99 605
Water power 23 235 20 415
TOTAL 6 581 613 10 306 452
Total use of electricity (purchased and own) broken down by types in GJ
Export table to Excel Zoom
[G4-EN3] TOTAL
2016 2015
Electricity 8 081 212 6 930 523
Thermal energy 1 221 360 446 725
TOTAL 9 302 573 7 377 248

 

Sales of energy in GJ
Export table to Excel Zoom
[G4-EN3] TOTAL
2016 2015
Electricity 55 548 102 60 551 620
Heating energy 10 139 480 9 788 989
TOTAL 65 687 583 70 340 609

If a company uses more energy for its own needs, this means higher costs. For this reason, companies from the TAURON Group optimize processes to reduce energy-intensity. An important role in improving energy efficiency is played by monitoring electricity use in machines at each stage of its production process. Where the demand for energy is considerably lower than production capacities, power plants use the most technically efficient and economical machines to avoid generating losses.

In 2016, the energy-intensity ratio for the Group’s production companies slightly increased.

Energy intensity
Export table to Excel Zoom
[G4-EN5] TAURON Wytwarzanie TAURON Ciepło TAURON Ekoenergia
2016 2015 2016 2015 2016 2015
Energy-intensity ratio [%] 11.17 9.68 8.61 8.56 5.24 4.52

 

Distribution network

Length of surface and underground transmission and distribution lines according to the regulating system [km]
Export table to Excel Zoom
[G4-EU4] Length of transmission and distribution lines
Transmission lines 44
Distribution lines 183 854
TOTAL 183 898

 

Export table to Excel Zoom
[G4-EU4] Length of transmission and distribution lines Surface Underground
220 kV lines 44
110 kV lines 10 966 118
MV lines 40 629 23 385
LV lines 71 710 37 046
LV connections 33 369 11 670
Street lighting lines 30 713 7 841
TOTAL 187 431 80 060

 

[EU-DMA] For several years, TAURON Dystrybucja has consistently invested in modernization and expansion of electricity distribution networks, due to which users will be less frequently exposed to consequences of power failures. The planned investments in the next 10 years in modernization and expansion of the existing grid (without line connections) are for the total amount of PLN 13.5 billion.

 

Each year we run thousands of projects whose major aim is to improve the security, reliability and quality of electricity supply. [G4-EU4] Every year, TAURON Dystrybucja performs over 60 thousand line connection agreements, actively responding to customers’ investment needs. The construction of new plants or expansion of the grids ensure the highest quality standards of electricity delivered to users sensitive to supply disruptions or customers locating their activity in expanded economic zones.

Large investment projects are in progress in the modernization of medium and low voltage lines and the implementation of solutions such as smart grids. To build and evaluate investment strategies, we use modern IT systems for short- and long-term asset management. Its purpose is to target expenditures so as to have the greatest impact on improving security and the efficiency of electricity supply. At the same time, this contributes to improving the quality of the supplied electricity, also increasing the fail-safety of the grid and development opportunities for the prosumer market.

Investments to ensure the reliability of electricity supply and promote sustainable development

Export table to Excel Zoom
[EU-DMA] INVESTMENT CATEGORY COMPANY Type/name of investment Investment description Expenses incurred in connection with the performance [PLN] Total expenses [PLN]
ELECTRICITY DISTRIBUTION TAURON Dystrybucja IT systems supporting electricity distribution management Systems for managing grid assets, directing grid load (e.g. ZMS, operational log, SCADA LV, Team Work Management) 37 150 900 38 993 400
  Dynamic management of loads on HV distribution lines Increasing distribution capacities of the existing infrastructure 18 000
  Energy quality Monitoring electricity quality 1 796 500
  Technical analyses – diagnostics Studies and expert analyses from the academy – including substantive support for the execution of a project connected with diagnostics of HV/MV power transformers – DME 28 000
 
TRANSMISSION AND DISTRIBUTION TECHNOLOGIES

(e.g. microgrids, smart grids)

TAURON Dystrybucja Imaging overhead lines Doing an image of HV and MV lines and a digitized spatial model, orthophotomap and analysis of the data acquired in 2015. 5 835 000 5 835 000
  Model areas Pilots of new technologies for smart grid automation to reduce interruption durations 3 554 120
 
INNOVATIVE RELATED SERVICES  TAURON Dystrybucja Smart City Wrocław Implementation of a smart metering project in the area of Wrocław and its surroundings 103 290 000 103  431 000
Technical analyses – measurement data from meters Static and dynamic multidimensional analysis of measurement data in a selected area of electricity distribution  85 000

Investing in the grid development and modernization is reflected in the System Average Interruption Duration Index (SAIDI) and the System Average Interruption Frequency Index (SAIFI). The lower the values of the indices, the higher the grid reliability. In 2016, both SAIDI and SAIFI improved considerably. The average interruption duration decreased by over 100 minutes against 2015.

Average interruption duration
Export table to Excel Zoom
[G4-EU29] TAURON Dystrybucja

SAIDI minutes/user/year

 2016 2015
Planned 53.05 69.42
Unplanned without emergencies 134.85 207.35
Unplanned including emergencies 135.08 238.67

 

 

 

The average interruption frequency was also significantly reduced.

Average interruption frequency
Export table to Excel Zoom
[G4-EU28] TAURON Dystrybucja

SAIFI
number of interruptions/user/year

 2016 2015
Planned 0.40 0.46
Unplanned without emergencies 2.57 3.08
Unplanned including emergencies 2.57 3.10

The recent years are a period of intensive expansion and modernization of distribution infrastructure with construction of modern grid dispatch centers and making the work of crews more efficient. All this is being done to improve the grid’s reliability, enhance the quality parameters of electricity and shorten supply-side interruptions.

Distribution of electricity over great distances is inherently connected with its losses. It is impossible to eradicate losses but as a result of the investments in progress and maintenance, TAURON Dystrybucja constantly improves its efficiency. In 2016, the level of electricity losses (defined as a total of technical and non-technical losses) was lower than in 2015.

Transmission and distribution losses as a percentage of total transmitted/distributed electricity
[G4-EU12]
LOADING

It is worth noting that non-technical losses, which result, among other things, from errors of measurement systems or incorrect recording of electricity sold, also include illegal use of power from the grid (the so called theft of electricity). To fight this phenomenon, TAURON Dystrybucja, in cooperation with the Police, runs a social campaign called “Put a stop to illegal use of electricity”.

GOOD PRACTICE – Social campaign “Put a stop to illegal use of electricity”

 

[EU-DMA] The campaign is addressed in particular to the Police, City Guard, property managers and customers of TAURON Dystrybucja and aims to ensure customers’ security and continuity of electricity supplies by fighting its illegal use (IEU). The Energy Inspection Center also got involved in the campaign. In 2016, 5 conferences were held about fighting IEU. At the conferences, 450 police officers, property managers and local government officials were educated about the basics of detecting and counteracting illegal electricity use. In addition, a book was published entitled Teoretyczne i praktyczne aspekty przestrzegania prawa energetycznego. Nielegalny pobór energii i inne nadużycia na rynku energetycznym. [Theoretical and practical aspects of compliance with the Energy Law. Illegal electricity use and other malpractices on the energy market.] The monograph was the result of a conference held at the Jagiellonian University in 2015. 

 

We strive to be innovative

[EU-DMA] In a long-term perspective, building a competitive advantage in the energy sector is inseparably connected with innovativeness.Research and development plays an important role in shaping the future image of the TAURON Group. Implementation of modern technologies, products and services will be intensified in the entire value chain.

Building an innovative culture in the organization and motivating employees to put forward their ideas is an important element of the Strategy of the TAURON Group for 2016-2025. To achieve this objective, Innovation Zone was created in the Intranet as a bank of innovative ideas of employees.

The most important initiatives and research and development projects conducted in the TAURON Group in 2016

PILOT MAKER

TAURON invests not only in traditional R+D projects but also in startups. One of these projects is participation in the Pilot Maker program. The project leader is techBrainers, and its major partner – TAURON Polska Energia. Two other companies – Kross and Amplus – also take part in the project. Pilot Maker was granted funding of nearly PLN 6 million in the contest held by the Polish Agency for Enterprise Development – Scale UP. The assumption behind the contest was to combine the potential of startups with the experience, infrastructure and resources of large companies.

MOBISTYLE

It is an international research and development program performed as an industrial and scientific consortium and financed from European funds. The full name of the program is “Motivating end-users to change their behavior by involving ICT tools and information services regarding the use of power, internal environment, health and lifestyle”. The ultimate objective of the project is to launch technological solutions to influence positively customers’ behavior by raising their awareness and sense of ownership. The results of the work of industrial partners (including Whirlpool and TAURON) and scientific groups from Holland, Slovenia, Italy and Denmark will be presented all over Europe. In Poland, the project will be implemented within Smart City Wrocław.

CERES

TAURON Wydobycie, together with the Central Mining Institute (GIG) in Katowice and five international scientific partners, signed an agreement on joint performance of a research project “Processing post-mining and electronic waste – New resources for a sustainable future” (CEReS). The project aims to reduce environmental threats connected with storage of highly sulphated post-mining waste by preparing innovative technological solutions. A new approach assumes that the waste will serve a cheap source of a solution for leaching valuable metals from PCB electronic waste. Such a process will ensure stabilization of properties of post-mining waste, making it possible to recover base metals from PCB electronic waste, including rare earth elements. The project will use pots-mining waste from the plants of TAURON Wydobycie.

POWER FOR MOBILITY

TAURON Dystrybucja and Przedsiębiorstwo Komunikacji Miejskiej [Public Transport Company] in Jaworzno started cooperation on research and development in the area of technology for charging electric buses. During the first stage, plug-in charging infrastructure will be tested. Development of electromobility also requires the development and adaptation of distribution networks; therefore, the study will review the impact of charging on the quality of electricity in the grid and the efficiency of frequently recharged batteries. Next, a pilot station will be launched for charging and quick replacement of batteries for electric buses.

White certificates white certificates "White" certificates "white" certificates Certificates confirming the saving of a specific quantum of energy as a result of completing investments to enhance energy efficiency.
Biomass biomass Denotes a biodegradable fraction of products, waste and residue from agricultural and forestry production and related branches of industry, including fishing and aquaculture, and biogas and a biodegradable fraction of industrial and communal waste.
Sub peak power generation units sub peak power generation units Power generation units used during a period when the power system has a higher demand for capacity. Power generation units in this class are used from 2000 to 4000 hours a year.
Peak power generation units peak power generation units Power generation units used only during a period when the power system has the highest demand for capacity. Power generation units in this class are used fewer than 2000 hours a year.
Blue certificates blue certificates "Blue" certificates "blue" certificates Certificates confirming the generation of energy from agricultural biomass.
CAPEX Capital expenditures.
Red certificates red certificates "Red" certificates "red" certificates Certificates confirming the generation of energy in highly-efficient coal co-generation.
Net debt net debt Liabilities for loans and borrowings less cash and cash equivalents.
Dividend dividend Portion of a company’s net earnings per share designated for payment to shareholders.
EBITDA Earnings Before Interest, Taxes, Depreciation and Amortization.
Electromobility electromobility Using electric vehicles, both individual vehicles such as an electric car, electric scooter, electric motorcycle and electric bicycle and public transport means: trams, trolleybuses and trains. The assumptions for the Electromobility Development Plan and the domestic framework for the policy of alternative fuel infrastructure development call for there being one million electric vehicles on Polish roads by 2025. TAURON is conducting research and analyses on developing, promoting and disseminating electromobility among Polish nationals, developing the electromobility industry in Poland and in particular collaborating in launching and implementing the findings of scientific and technical work in this area. Moreover, jointly with PGE, Energa and Enea, TAURON has submitted an application to the Office of Competition and Consumer Protection to receive a permit to establish a company called ElectroMobilityPoland to create grounds for developing electromobility.
EMAS EMAS Eco Management and Audit Scheme, an EU instrument to encourage all types of organizations to improve their environmental protection constantly. Functions on the basis of Regulation (EU) no. 1221/2009 of the European Parliament and of the Council of 25 November 2009 on the voluntary participation by organizations in a Community eco-management and audit scheme (EMAS). The EMAS requirements constitute guidelines for organizations to structure their environmental protection duties, optimize costs and effectively manage energy and resources. EMAS is also a system for reporting an organization’s environmental impact making it easier to conduct dialogue in this area with stakeholders. Registration in the EMAS system means that an organization has satisfied the most rigorous environmental requirements.
Prosumer energy prosumer energy Generation of electricity, chiefly for one’s own needs and on a small-scale in installations harnessing renewable energy sources. Households and businesses that do this are called prosumers, meaning that they simultaneously play the role of energy producer and consumer.
Energy from distributed sources energy from distributed sources energii ze źródeł rozproszonych energetyka rozproszona rozproszone wytwarzanie generacja rozproszona energetyki rozproszonej generacji rozproszonej distributed energy Generation of energy by small generation units or facilities connected directly to distribution grids or located in the user’s electrical energy grid that usually generate electricity from renewable energy sources or non-conventional sources, frequently in cogeneration with the generation of thermal energy (distributed cogeneration). The following parties, for instance, may be part of a distributed generation grid: prosumers, energy cooperatives and municipal power plants.
Purple certificates purple certificates "Purple" certificates "purple" certificates Certificates confirming the generation of energy from methane captured in mines.
grid parity Grid parity Signifies the equivalence of the production costs of renewable energy with the energy generated in conventional power plants.
TGE’s FCM Indices Towarowa Giełda Energii (TGE) is the power exchange running the following markets: electricity (Forward Commodity Market - FCM), Day-Ahead Market - DAM, Intraday Market - IDM) and gas (FCMg, DAMg) and the Property Right Market.
smart metering Smart metering Comprehensive and integrated information system encompassing electrical energy smart meters for users of energy, telecommunication infrastructure, central database and management system. Smart metering systems support two-way communication in real time between information systems and electronic electricity meters installed in customers’ locations. Moreover, they may automate the entire billing process for energy users - from obtaining metering data to processing and aggregating them to issuing invoices.
Stakeholder stakeholder stakeholders Natural or legal entity (individual, community, institution, organization, office etc.) which may affect the company or remain under the influence of its actions.
IoT Internet of Things – concept according to which clearly identified objects may directly or indirectly collect, process or exchange data via computer network.
Emergency Cold Reserve IRZ Mechanism introduced by the transmission system operator in 2016. It involves the TSO paying the owners of generation sources which are planned to be withdrawn for keeping them ready to run in response to the operator’s instruction during the anticipated periods of capacity shortage.
ISO 14001 PN-EN ISO 14001:2005 standard PN-EN 14001 standard One of the ISO standards used in managing environmental protection. This standard designated for all organizations regardless of their type and size defines the requirements whose satisfaction supports the achievement of environmental (for instance preventing the emission of pollutants) and economic objectives.
Covenant covenant Contractual clause, order or ban imposed on a borrower to minimize the risk of its invsolvency. Covenents most frequently constitute protection for sources of debt payment to creditors, e.g. by banning further borrowing or disposing of assets.
Aggregate aggregate Bulk organic or mineral material used mainly to produce construction mortar and concrete and build roads.
HV and MV Lines linii WN i SN sieci WN i SN HV - high voltage grid in which the voltage ranges from 110 kV. This grid is used to transmit electrical energy over large distances. MV - medium voltage grid, i.e. an electrical energy grid in which the electrical voltage ranges from 1 kV to 110 kV. Medium voltage is broadly used in electrical energy grids to transmit electrical energy over medium distances and switch energy. It is used as an intermediate voltage between high voltage and low voltage connected to end-users.
Customer loyalization customer loyalization Strategy to acquire and retain customers in this time of growing competition.
Micro-grid micro-grid Electrical energy micro-grid – set of generation equipment, electrical energy storage and receiver units connected in a joint network to ensure the reliable supply of electrical energy and minimize its cost.
Micro-cogeneration micro-cogeneration Technological process involving the cogeneration of thermal and electrical energy based on the utilization of small-scale equipment and medium capacities. Micro-cogeneration may be employed in all facilities in which there is a concurrent need for electrical and thermal energy. The greatest benefits from employing micro-generation are obtained in facilities in which the demand for these two types of energy does not oscillate much or is constant. That is why individual users, hospitals and educational centers, sports centers, hotels and public utilities are usually the most frequent users of cogeneration systems.
MSCI Emerging Markets Europe 10/40 Index Index comprising key companies listed on emerging markets in Europe.
MSCI Poland Index Index comprising more than 20 key companies listed on the Warsaw Stock Exchange.
Best Available Technology BAT The most efficient and sophisticated level of technology development and methods for conducting a given business. BAT are defined for various branches of industry. In the energy sector BAT forms the basis for determining borderline emission quantities, among others, to eliminate, or if that is not practicable, limit emissions and their overall environmental impact.
Sensitive user sensitive user According to the Act entitled Energy Law, a sensitive user is a person to whom a housing allowance has been awarded and who is a party to a comprehensive agreement or electricity sale agreement and who lives in the place where electrical energy is supplied.
Impairment losses impairment losses Losses because of the impairment of non-current assets taken in accordance with the regulations of international accounting IFRS (MSSF) standard.
Corporate Social Responsibility CSR Corporate Social Responsibility – business philosophy and management strategy calling for an organization to take responsibility for the impact exerted by its decisions and actions on society and the environment. Its foundations are rooted in ethical and transparent conduct, taking into consideration the expectations of stakeholders and cultivating good long-term relations with the overall environment. Corporate social responsibility is one of the key methods of achieving sustainable socio-economic development.
PV cells Photovoltaic cell (PV) – semi-conductor material in which the energy of solar radiation is converted into electrical energy.
omni-channel Omni-channel According to the omni-channel idea, the future of commerce is to conduct online sales while simultaneously encouraging customers to make traditional purchases. Online and offline sales during the digital revolution should fluidly penetrate one another.
Operating Capacity Reserve ORM Mechanism of providing operational reserves by the Centrally Discharged Units (JWCD), where they were able to deliver electricity to the system, but for market reasons were not used. It was implemented in Poland in 2014.
RES Renewable energy sources.
PM-RES Property rights to certificates of energy for electrical energy generated in RES.
Polygeneration polygeneration Parallel generation of energy and chemicals.
RESPECT Index Index consisting of companies listed on the Warsaw Stock Exchange to identify companies managed in a responsible and sustainable manner. It takes into account the quality of reporting, the level of investor relations, corporate governance and liquidity, among others, whereby it simultaneously constitutes a real point of reference to measure the attractiveness of companies as investments.
Balancing market balancing market The balancing market is what is referred to as a technical market. That means it is not a place to sell energy. Its purpose is the physical delivery of the energy purchase/sale agreements executed by participants and balancing the demand for electricity with its generation in real time in the national electrical energy system (KSE). The existence of the balancing market is indispensable for the energy market to function. Entities that buy energy have an obligation to participate in this market.
CATALYST Market Catalyst market Bond market. It is run on the transaction platforms of the Warsaw Stock Exchange and BondSpot.
SAIDI System average interruption duration index in the supply of electricity calculated in minutes per user. It is a reliability index whose value is the sum of the products of interruption duration in energy supply and the number of users affected by the consequences of such an interruption during a year divided by the total number of users connected to a grid.
SAIFI System average interruption frequency index of long interruptions in energy supply. It is a reliability index whose value is the number of users affected by the consequences of all such interruptions during a year divided by the total number of users.
Gangue gangue The rock that is extracted from a deposit of a given mineral that is considered to be unusable waste.
Smart City smart city Smart city is a project involving the implementation of specific solutions exerting a real impact on citizens. One example is supplying tools to urban residents to monitor energy consumption, among others. This is possible thanks to the special platform called eLicznik (eMeter). TAURON supplies smart meters, for instance, under the Smart City Wrocław project.
Smart Home smart home System to control a smart home. SMART HOME technologies control burglar alarms, temperature control and electricity supply systems. This is a real-time power consumption monitoring solution that TAURON offers via a platform to check readings from the smart power meter.
Smart grid smart grid Smart electrical energy grids to facilitate communication between participants on the energy market to supply energy services while cutting costs and enhancing efficiency and integrating distributed sources of energy, including renewable energy.
smart metering Smart metering Smart metering system – electronic system used to measure energy consumption obtaining more information than from a conventional meter, and to send and receive data through electronic communication.
small carbonate sorbent Small carbonate sorbent Fine carbonate sorbent (limestone powder) – is a product derived from the process of dehydrating and profound milling of limestone whose active ingredient is calcium carbonate, CaCO3. Fine carbonate sorbent is used in processes to desulfurize flue gas – to remove SOx.
Enterprise Risk Management System ERM Set of rules, standards and tools to accomplish the fundamental objective of risk management i.e. ensuring the security of the TAURON Group’s operations. This system is regulated by the document entitled Enterprise Risk Management System in the TAURON Group, defining the TAURON Group’s enterprise risk management framework and rules.
Tauronet tauronet TAURON Group’s corporate intranet portal, one of the most important tools of communicating with employees. One of the largest platforms of its type in Poland at the time of publishing this report.
CCS Carbon dioxide capture, transport and geological storage technology.
CCU Capture and use (management) of carbon dioxide, eg. in the the chemical industry.
Smart Technology smart technology Control system in a smart home, among others - it is responsible for the safety and living comfort of residents.
Towarowa Giełda Energii S.A. Polish Power Exchange TGE Towarowa Giełda Energii (TGE) (Polish Power Exchange) is the only licensed power exchange in Poland. Presently, TGE runs the following markets: Day-Ahead Market (DAM), Commodity Forward Market with physical delivery (CFM), Property Rights Market for RES and Cogeneration. TGE also keeps a register of the Certificates of Origin for electrical energy produced in RES and in highly efficient cogeneration sources and the CO2 Emission Allowance Market.
Energy Regulatory Office ERO Government authority regulating the Polish energy market (electricity and gas, among others).
Coal winnings coal winnings The rock material taken from the mine face. It includes the mineral and gangue.
WACC Financial ratio - weighted average cost of capital.
WIBOR Warsaw Inter Bank Offered Rate Warsaw Inter Bank Offered Rate - interest rate used on the Polish interbank market for interbank loans.
WIG Index comprising all the companies listed on the Main Market of the Warsaw Stock Exchange that fulfill the basic criteria for inclusion in its indices.
WIG20 Index comprising the 20 largest and most liquid companies listed on the Main Market of the Warsaw Stock Exchange.
WIG30 Index comprising the 30 largest and most liquid companies listed on the Main Market of the Warsaw Stock Exchange.
WIG-Energy Sectoral index comprising companies participating in the WIG index and simultaneously classified in the energy generation sector.
WIG-Poland National index comprising only the domestic companies listed on the Main Market of the Warsaw Stock Exchange that fulfill the basic criteria for inclusion in its indices.
Underground mining pit underground mining pit Space created as a result of mining works.
Highly-efficient cogeneration high-efficiency cogeneration Generating electrical or mechanical energy and usable thermal energy in cogeneration to save the original energy used in the cogeneration unit in an amount no lower than 10% compared to the generation of electrical energy and thermal energy in separate systems or in a cogeneration unit with an installed electricity capacity under 1 MW compared to the generation of electrical energy and thermal energy in separate systems.
Green certificates green certificates "Green" certificates "green" certificates Certificates of origin, i.e. a document that confirms the generation of electricity with renewable energy sources. The green certificate system has been in force in Poland since 1 October 2005 (and has changed in the new RES Act).
Yellow certificates yellow certificates "Yellow" certificates "yellow" certificates Certificate certifying the origin of energy. Operators of cogeneration units fired with gaseous fuels or with a total installed power source of less than 1 MW may be compensated with yellow certificates.
TPA Third Party Access - TPA is one of the most important principles (besides unbundling) on which the deregulated energy market is founded. TPA gives an energy user the right to buy it from any energy seller of its choosing.
EUA CO2 emission unit.
IFRS International Financial Reporting Standards – standards and their interpretations approved by the International Accounting Standards Board (IASB).
RFX Request for proposal.
Global Reporting Index GRI Independent international organization whose mission is to create a joint global framework for communicating responsibility and sustainable development. The GRI guidelines are an international reporting standard for organizations regardless of size, business sector and venue. Their application gives a guarantee of consistency in terminology and indicators.
International Integrated Reporting Council IIRC The International Integrated Reporting Council is an organization whose purpose is to create globally accepted integrated reporting guidelines based on combining financial, environmental, social and corporate governance reporting in a clear, succinct, coherent and comparable format. It consists of global leaders such as the International Federation of Accountants (IFAC), the International Accounting Standards Board, the United Nations Environmental Program (UNEP), the International Organization of Securities Commissions, the World Business Council for Sustainable Development and the Global Reporting Initiative (GRI).
integrated reporting non-financial reporting standard International integrated reporting standard encompassing financial and non-financial data devised by IIRC.

GRI indicators