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Current Report No. 39/2018

21.12.2018 16:20

Estimated results of the capacity market main auction for 2023

TAURON Polska Energia S.A. ("Company") announces that on December 21, 2018 TAURON Group companies participated in the capacity market main auction for the 2023 delivery period ("Auction") organized as part of the capacity market mechanism introduced by the Act of December 8, 2017 on the capacity market (the "Act").

According to the Company's estimates, the Auction closing price will be within the 189.95 to 217.06 PLN/kW/year range, and TAURON Group’s revenue from the capacity market calculated on the basis of the above closing prices of the Auction will reach the level of PLN 74.69 million to PLN 85.36 million in 2023.

Pursuant to the Act, the preliminary results of the Auction will be published by Polskie Sieci Elektroenergetyczne (“PSE”) within 3 business days, i.e. by December 28, 2018 while the final results of the Auction will be announced by the President of the Energy Regulatory Office in the Bulletin of Public Information (Biuletyn Informacji Publicznej) on its website on the first business day following the 21st day from the day of closing the Auction.

The capacity market main auction for the year 2023 referred to above, was the third auction organized in accordance with the Act. The Company announced the preliminary results of the capacity market main auction for the delivery period:
- 2021 - in current report no. 31/2018 of November 20, 2018,
- 2022 - in the current report no. 35/2018 of December 7, 2018.

Legal basis: art. 17, clause 1 of MAR – inside information


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