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Current Report No. 52/2019

06.12.2019 15:10

Estimated results of the capacity market main auction for 2024

TAURON Polska Energia S.A. ("Company") announces that on 6 December 2019 TAURON Group companies participated in the capacity market main auction for the 2024 delivery period ("Auction") organized as part of the capacity market mechanism introduced by the Act of 8 December 2017 on the capacity market (the "Act").

According to the Company's estimates, the Auction closing price will be within the 235.91 to 269.58 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:

a) PLN 135.29 million to PLN 154.60 million in 2024,
b) PLN 125.98 million to PLN 143.96 million in 2025,
c) PLN 357.40 million to PLN 408.41 million in total in 2026-2028 period.

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 11 December 2019 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 2024 referred to above, was another 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 20 November 2018,
- 2022 - in the current report no. 35/2018 of 7 December 2018.
- 2023 – in the current report no. 40/2018 of 23 December 2018.

art. 17, clause 1 of MAR – inside information

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