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Glossary

CAPEX

Capital expenditures.

Cogeneration

A technological process of simultaneous generation of electricity and usable thermal energy in a CHP plant.

EBITDA

Operating profit/ (loss)+ depreciation + impairment losses on non financial fixed assets.

European Emission Trading System EU ETS

A European scheme to promote the reduction of greenhouse gas emissions.

ESPI

Electronic System of Information Transfer enabling immediate transmission and publishing of information that results from the obligations indicated in the law. The system is administered by the KNF.

Forward market

Electricity market where forward products are listed.

GRI Standards

The Global Reporting Initiative is an international independent standards organisation that has developed globally available guidelines for public reporting of non financial data, helping companies, governments and other organisations understand and communicate their impact on labour, environmental, social, human rightsand corruption issues. The new version of the standard, compared to the previous G 4 Guidelines, which expired on 1 July 2018 is intended to be more understandable, better structured and easier to use.

IED

European Parliament and Council Directive 2010/75 EU of November 24, 2010 on industrial emissions (the so-called IED Directive). This directive tightens the standards for the emission of sulphur dioxide, nitrogen oxides and dust from combustion plants.

Personal data protection

From May 25, 2018, the European Union and Council Regulation (EU) 2016/679 of 27 April 2016 on the protection of individuals with regard to the processing of personal data and the free flow of such data which is in force in all European Union member states and repealing Directive 95/46 / EC - also referred to as the General Data Protection Regulation (GDPR).

PM - “Yellow”

Property rights to certificates of origin confirming the generation of electricity in a gas cogeneration unit or with a total installed capacity of up to 1 MW.

PPE (TGE)

Polish Power Exchange.

Property Rights - “Green”

Same as PMOZE.

Property Rights – “Light blue”

Property rights to certificates of origin confirming the production of electricity from agricultural biogas.

Property Rights – “Purple”

Property Rights to certificates of origin confirming the generation of electricity in a cogeneration unit fired with methane released and included in underground mining works or with gas obtained from biomass processing within the meaning of Article 2 (1) of the Act on biocomponents and liquid biofuels.

Property Rights – “Red”

Property rights to certificates of origin confirming the generation of electricity in other cogeneration sources.

Property Rights – “White”

Property rights to certificates of origin resulting from energy efficiency certificates, the so called “white” certificates.

REMIT Regulation

Regulation on Wholesale Energy Market Integrity and Transparency which sets out a framework for monitoring wholesale energy markets in order to detect and prevent unfair practices at EU level.

RES

Renewable energy sources. It is in accordance with the provisions of the Energy Law, a source which is used in the processing energy of wind, solar, aero thermal, geothermal, hydrothermal, wave, tidal, river fall, biomass, biogas from landfills, and the biogas produced in the process of discharge or sewage treatment or decomposition of plant and animal remains.

Return on equity (ROE)

Net profit (loss) for the reporting period / Equity.

Return on assets (ROA)

Net profit (loss) for the reporting period / Total assets.

Net profitability

Net profit (loss) for the reporting period / Net sales revenue.

Operating profitability

Operating profit (loss) / Net sales revenue.

EBITDA profitability

EBITDA / Net sales revenue.

Stakeholder

A person or a group of people interested in any of the decisions or actions taken by the organization. A stakeholder is anyone who influences the organization and everyone whom it affects.

Sustainable development

Is a development, according to which the needs of the present generation may be met without lessening the opportunities for future generations, by taking account of the management which responds to the environmental expectations, as well as social, environmental and economic challenges, facilitating the constant increase of the goodwill and rational management of resources.

Tariff group A

Energy sold and supplied to customers connected to the high voltage grid.

Tariff group B

Energy sold and supplied to customers connected to the medium voltage grid.

Tariff group C

Energy sold and supplied to customers connected to the low voltage grid, excluding customers using electricity for household purposes.

Tariff group G

Energy sold and supplied to household customers connected to the grid irrespective of the voltage level.