The President of the Energy Regulatory Office imposes an obligation on PGE Obrót to make the payment. Impact on the PGE Group
The administrative decision obliges PGE Obrót to pay the full amount within 30 days from the date of delivery of the document. According to the company's announcement, interest on this amount will be charged from the date of receipt of the decision.
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Reserve amount. It can be even bigger
Therefore, PGE Obrót will include a provision of PLN 605 million in its consolidated financial statements for 2025. This action will reduce the EBITDA result of the PGE Capital Group in this period.
The company noted that the amount of the provision may still change. The final value will be presented in the consolidated financial statements for 2025, which will be audited by a Chartered Auditor.
The Management Board of PGE Obrót also emphasizes that the company has the right to appeal against the decision of the President of the Energy Regulatory Office to the court.
Read also: War drives up energy prices. Companies are asking about a repeat of 2022.
PGE Obrót. This is what the company does
PGE Obrót is a company belonging to the PGE Polska Grupa Energetyczna group, which sells electricity to individual customers, companies and public institutions in Poland. The main task of the company is to supply electricity to end customers and handle the process of concluding contracts, settlements and customer service.
PGE Obrót offers various tariffs and energy products tailored to the needs of households and enterprises. The company also develops additional services related to energy efficiency, such as energy consulting and solutions helping to reduce energy consumption and the costs of its use.
Read also: The PGE Group took over a wind farm in the Baltic Sea from the Germans. What about the price?
