Henryk Baranowski: Further strengthening the EU ETS will cost EUR 6 billion to Poland

Henryk Baranowski: Further strengthening the EU ETS will cost EUR 6 billion to Poland

Henryk Baranowski, the President of the Management Board of PGE (joined CEEP in January 2017) and vice-chairman of the board of directors of CEEP says that strengthening of the EU ETS by increasing the Linear Reduction Factor to at least 2.4% and establishing the intake rate of the Market Stability Reserve up to 24% per year would result in a significant increase of wholesale electricity prices – up to 20% in Poland. It is also a serious challenge for other Member States from Central and Eastern Europe – particularly Bulgaria, Croatia, Estonia, Romania. What do you want to accomplish as a CEEP member? It is clear that international cooperation between companies from our region is essential to find a well-balanced compromise when adopting the EU’s policies. However, despite major common interests (notably the level of the EU ETS ambition, energy import dependency and the need to co-finance the energy transition from EU sources), utilities from Central and Eastern Europe still have much room for improvement in presenting their joint positions in Brussels. It is much easier to promote our interests by working together and speaking with one voice, as opposed to individual actions. It is necessary to identify not only mutual interests but also to find a common platform through which we could communicate with our partners. Therefore, we cannot underestimate the importance of a strengthened regional cooperation. We perceive the membership in CEEP as a great opportunity to present our position to the EU institutions at the highest level. Despite the fact that we have some experience in direct cooperation with other utilities from the region within EURELECTRIC, [...]