The Management Board of Polenergia S.A. (“Issuer”) in reference to current report No. 31/2020 of 14 December 2020 hereby reports that in compliance with the initial results of the main auction for the year of delivery 2025 announced by Polskie Sieci Elektroenergetyczne S.A. on 17 December 2020, the main auction for the year of supplies 2025 ended in round 7 with the closing price of PLN 172.85 kW per year.
With regard to the announcement of the initial results of the main auction for the year of delivery 2025, a capacity contract was entered with the Issuer’s subsidiary – Polenergia Elektrociepłownia Nowa Sarzyna Sp. z o.o. with its registered office in Nowa Sarzyna. The total volume of the capacity obligation under the contract amounts to 111 MW. The contract was concluded for 1 year on the condition precedent until the announcement of final results of the auction by the President of the Energy Regulatory Office.
Legal basis: Art. 17(1) of Regulation of the European Parliament and Council (EU) No. 596/2014 on market abuse and repealing Directive 2003/6/EC of the European Parliament and Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (Journal of Laws of the European Union L of 2014, No. 173, p. 1 as amended).
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