ENEA shares knowledge with the market

On 17 June in Warsaw a seminar was held titled "Power markets in Poland" - key legal, technical and economic aspects". The event initiator was ENEA S.A., and DM BZ WBK was a co-organiser. The meeting was dedicated to the representatives of TFI (Investment Fund Associations), OFE (Open-end Pension Funds) and brokerage houses. 22 representatives of financial institutions took part in the seminar.

During the meeting the following people shared knowledge on the capacity market with the participants: Grzegorz Kinelski - Vice-President of the Board for Commercial Affairs of ENEA S.A., prof. Jacek Kamiński – Mineral & Energy Economy Research Institute of the Polish Academy of Sciences, and a legal counsel, Arkadiusz Ratajczak - Kancelaria Adwokacka Swora Legal (Law Firm). Two presentations were given, which were interspersed with discussions and questions of invited guests.

"Mechanisms and tools occurring on the energy market are not fully clear and often require a further explanation. Therefore, as a listed company and a leading energy group in Poland, we would like to outline the current issue - power markets - to representatives of the capital market. We are happy that the seminar organised by us met a huge interest of the attendees. ENEA wants to actively participate in the process of dissemination of knowledge on the energy market, therefore we are already thinking about the organisation of subsequent meetings within this cycle.'' - said Grzegorz Kinelski, Vice-President of the Board for Commercial Affairs of ENEA S.A.

The meeting attendees had a possibility of talking about e.g. the investment situation in the energy sector, reasons for introducing capacity market instruments and about the capacity market in the context of the EU law and public aid. The questions of instruments of remunerating for power and the capacity market mechanisms were also raised.

 "The basic objective of the implementation of the capacity market is guaranteeing a perspective level, set administratively, of the generating capacity market on the balanced electricity markets. The instruments already implemented, such as an operating power reserve, or cold back-up reserve should fulfil their task and ensure a relevant level of capacity in the system during the several coming years. What is however lacking in the present structure of the electricity market is an instrument which would be a source generating long-term investment impulses. Such a role could be played by a centralised or decentralised capacity market." - commented Prof. Jacek Kamiński of the Mineral & Energy Economy Research Institute of the Polish Academy of Sciences.