Billions for the State Treasury from the sale of CO2 emission rights. PGE itself spends more on them
The 21st auction this year took place on Wednesday, during which the State Treasury sold its CO2 emission allowances via the EEX exchange in Leipzig. Prices have increased since September compared to previous auctions, so the income is also higher. Even the second largest this year. The budget earned EUR 165 million, i.e. PLN 705 million converted according to the average NBP exchange rate.
Together Since the beginning of the year, the State Treasury has earned PLN 13.4 billion. This is a significant amount, close to three times the revenues from banking tax (PLN 5.2 billion until September). The problem is that Polish energy companies pay more for allowances than the State Treasury receives.
Last year, the Polish state earned EUR 3.8 billion from the sale of allowances, i.e in the amount of PLN 16.6 billion. Meanwhile, only The PGE Group spent PLN 24.8 billion on CO2 emission rightsand additionally in the case of the Enea Group, this expense amounted to PLN 10 billion.
The difference between the expenses of Polish companies and the budget revenues went mainly to the account of EU funds: the modernization fund (EUR 5.2 billion in revenues this year from the sale of CO2 rights), two innovation funds (a total of EUR 5.1 billion), which co-finance, among others, investments in renewable energy sources, but also for the Social Climate Fund (EUR 2.9 billion). The latter is intended to be used for compensation payments for those affected by ETS2 costs in the future. In other words, we are already paying more in electricity bills so that there will be enough for compensation in a few years.
