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Poland Braces for Electricity Price Surge as Industry Warns of Significant Increases

Poland's power industry struggles with high coal prices and CO2 allowance costs. Experts warn of energy company losses and potential price hikes for consumers.

In this image on both sides there are buildings, electric poles. There are few vehicles parked in...
In this image on both sides there are buildings, electric poles. There are few vehicles parked in front of the buildings. In the middle there is a road.

Poland Braces for Electricity Price Surge as Industry Warns of Significant Increases

Poland braces for a rise in electricity prices, with industry experts warning of significant increases in the near future. This comes despite the country enjoying relatively low prices compared to its neighbors in recent years.

The Polish power industry faces a lack of substantial investment in renewable energy and infrastructure, exacerbating the situation. Local government officials report substantial hikes in electricity supply prices. The president of the Łódź Metropolitan Railway even suggested a rate 70% above last year's.

Wholesale market prices for energy in Poland have surged by about 25% compared to last year. Contributing factors include a 14% rise in Polish coal prices and a significant increase in the cost of CO2 emissions allowances. Industry experts warn that energy companies could face losses of around PLN 3 billion if these increases are not passed on to consumers.

While energy prices for private consumers in Poland are regulated and not expected to increase dramatically, the Polish power industry faces considerable challenges. The government and industry stakeholders must address the lack of investment in renewable energy and infrastructure to mitigate future price hikes and ensure energy security.

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