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PKP Energetyka enters the European markets. The company is placing its bets on renewable energy and selling gas and electricity

PKP Energetyka enters EEX, the German electric energy exchange. The company plans to sign agreements within the year with major stakeholders of the European energy market and establish wholesale trading relationships with those stakeholders. PKP Energetyka counts on the quick approval of tariffs by the Energy Sector Regulatory Authority. Present customers already expressed their interest in expansion of the portfolio.

”This year, we will push the development of our Trade Division toward the growth of sales”, announced Wojciech Szwankowski, President of the Management Board at PKP Energetyka in his interview with Newseria Biznes information agency.  We will probably become the active member of the EEX energy exchange in early June, and we intend to start trading in energy futures. Later, by the end of the year, we plan to sign EFET contracts[bilateral agreements allowing trading outside of the exchange]with  major European stakeholders and to start trading energy with them based on the physical supply of energy.

Szwankowski underlines that entering the European market is a bold strategy but a very promising one for the company. In order to promote growth in this sector, PKP Energetyka employed specialists in energy trading, with experience from working i.a. in Frankfurt and in London. Szwankowski believes that their know-how contributed to entering to German EEX energy exchange.

Furthermore, PKP Energetyka will soon expand their operations by sales of gas.

”We should soon receive the tariff approved by URE. We are talking to many customers with strategic importance to our company - strategic ,meaning that they have been with us for years, buying energy, but also energy-related services. We receive really positive signals from them, demonstrating their interest in purchasing gas in the package” stresses Szwankowski.

He adds that the solution expected by customers should include the implementation of a dual fuel tariff, covering both electric energy and gas. In the Polish market, so far such tariffs are not available , but a number of companies are considering their introduction. Szwankowski observes that in the case of PKP Energetyka, it is not about mere settlement  of electricity together with gas, but also with energy-related services, such as emergency services provided by the company.

In its expansion, PKP Energetyka does not forget  renewable energy sources. The company has installed photovoltaic panels in their maintenance train hangars in Słotwiny (Łódzkie Province), with a total output of 140 kilowatts. The system does not only satisfy  own demand for electricity but is also connected to the nationwide distribution grid.

”We financed it with credit from the National Environmental Protection Fund , with very preferential terms and conditions, with the option of cancellation of 50% credit value after two years following meeting assumed indicators of the project. We wish to continue in this direction. We are now looking at the possibility of a similar project, and I think we can present a similar offer, that is preferential credit from one of financial institutions supporting “green” energy, to our customers, plus provide them with services and equipment by selected manufacturers.” announces Szwankowski.

Pursuant to the report published on company’s website, in 2013 over 7% of the electric energy sold by PKP Energetyka originated from renewable sources. Wind energy share was approx. 0.6%. The major sources of energy sold by the company remain hard coal(54.4%) and brown coal (30.4%).

PKP Energetyka is expanding more and more outside  the railway energy market. In 2001, the company was isolated from the structures of PKP, and presently they offer electric energy both to businesses and institutions. The company also has their own nationwide distribution grid.

 

Source: Newseria

Last modified: 2/29/2016