Glossary

Best Available Techniques

Biodegradable solid or liquid material of plant or animal origin derived from agricultural and forestry products, waste and residues, as well as from industries processing their products, or the biodegradable fraction of remaining waste. At EC Wrocław, the K1 boiler is designed to burn dry biomass (up to 13% of moisture content) in the form of pellets. At EC Czechnica, the K2 boiler is designed to burn wet biomass (from 30% to 50% of moisture content) in the form of wood chips

Capital Expenditures

Heat produced in the cogeneration process, used for the needs of central heating, domestic hot water, ventilation and technological processes

Carbon dioxide

A short-term financing system for mutual balancing of the demand for cash with financial surpluses of companies from the same corporate capital

Property rights, instruments supporting production of electricity from renewable sources, cogeneration, as well as energy efficiency:

1)    green – certificates of origin for electricity from renewable sources (RES);

2)     white – certificates of origin evidencing energy efficiency, which are received by entities carrying out projects aimed at reducing the amount of energy consumed

Good Practice for WSE Listed Companies 2021 (effective from 1 July 2021)

Combined heat and power plant (CHP)

Energy Efficiency Directive

Energy Performance of Buildings Directive

Environmental, Social and Corporate Governance

European Union Allowances – emission allowance under the European Union Emissions Trading System;
1 EUA is the entitlement for the emission of 1 tonne of CO₂

The European Union Emissions Trading Scheme supporting the reduction of greenhouse gas emissions

Extraordinary measures aimed at limiting electricity prices and supporting certain consumers in 2023 and 2024

Gigajoule – (million kilojoules), 1 GJ – is a unit of work and energy corresponding to 277.8 kilowatt hours (kWh). In the power industry, it is used to determine the amount of heat produced and the amount of chemical energy of the fuel consumed

Giełda Papierów Wartościowych w Warszawie S.A. – Warsaw Stock Exchange based in Warsaw

Gigawatt hour

Group of consumers using electricity or heat or using services related to the supply of electricity or heat, who are subject to one set of prices or rates and their related conditions

Institute of Oil and Gas

Long-term Power Purchase Agreements (applies to the subsidiary EC Zielona Góra S.A.)

European Commission

Technological process of simultaneous generation of electricity and usable thermal energy in a combined heat and power plant

National Allocation Plan for CO₂ Emission Allowances for the years 2021–2025

Commercial Companies Code

System for Sustainable Development Criteria

Megagram – million grams (1,000,000 g), i.e. a tonne

International Financial Reporting Standards

Megawatt of electricity

Megawatt hour

Megawatt of thermal power

National Fund for Environmental Protection and Water Management

Extraordinary General Meeting

Distribution network operator, an energy company that distributes gaseous fuels or electricity, responsible for network traffic in the gas distribution system or the electricity distribution system

United Nations

Renewable Energy Sources – energy sources which during processing use the following energy: wind, sunlight, geothermal, waves, tides and sea currents, energy obtained from the fall of rivers, energy obtained from biomass, landfill biogas, as well as biogas produced in the process of sewage disposal and treatment, or decomposition of plant and animal remains.

European Parliament

PGE Polska Grupa Energetyczna S.A., the ultimate parent, the main owner of PGE EC

PGE Energia Ciepła S.A. – the Company’s shareholder (58.07%)

A subsidiary of PGE Energia Ciepła, which manages combustion waste and provides other comprehensive services (in the area of coal handling, ash removal and landfill management

Photovoltaics Development Program

Regional Director of Environmental Protection

Capacity introduced as commodity by the Act of 8 December 2017, providing for the possibility of power generators to obtain additional compensation for committing capacity to PSE

EU Environmental Taxonomy resulting from Regulation 2020/852 on the establishment of a framework to facilitate sustainable investment

Tariff (price) approved by the ERA President, who regulates the activities of energy companies in order to balance the interests of those companies and energy consumers

Terajoule – (million kilojoules), a unit used in the energy industry to determine the amount of heat produced and the amount of chemical energy of the fuel consumed

Tonne of oil equivalent

Energy Regulatory Authority

Weighted average cost of capital

Hard coal (fine thermal coal, energy class M II A) with sulfur content up to 0.6%

Hard coal (fine thermal coal, energy class M II A) with sulfur content above 0.6%

General Meeting

Spółka Zarządca Rozliczeń S.A., the company which since 2007 has carried out the public aid programme specified in the Act of 29 June 2007, the PPA Act