How is Brexit up to electricity prices in Poland? It turns out that the influence is not small at all. More precisely, however, it is not so much about leaving Great Britain from the European Union, but rather about the fact that ... it has not happened so far.
Prices of carbon dioxide emission rights beat historical records. On Friday, the price on the spot market on the European Power Exchange in Leipzig broke the level of EUR 27 per ton of CO2. Even at the beginning of the year, they amounted to EUR 22-23, Parkiet noted .
According to experts, quoted by the daily, it will quickly affect the prices of electricity. The consequences are visible now, because electricity prices on the Warsaw Stock Exchange are rising. In the longer term, these increases will be felt by everyone in their accounts.
Where did the sudden rally of prices of emission allowances come from? Paweł Puchalski from Santander BM in conversation with Parkiet points to a prolonged brexit . In his opinion, the market expected the United Kingdom to leave the ranks of the community and start selling out emission rights. So far, however, it did not happen. Therefore, the market reacted by increasing demand and, consequently, significantly increased the rate per ton of CO2.
Ecological tax is responsible for about 1/4 of energy prices in our country.
What is worse, it has been going up very rapidly lately. As early as at the beginning of 2018, the price per tonne of CO2 fluctuated around 8 euros. Emission trading was introduced by the EU to force Member States to reduce carbon dioxide. By 2030, the issue is to be reduced by at least 40%.
At the same time, the number of emission allowances will also decrease by 2.2 percent year on year. Therefore, without changes in the energy mix, states will be condemned to paying more and more tribute.
However, what has been done with the prices of allowances since the middle of last year can be briefly stated: riding without a stick.
The rate per ton of CO2 increased to 25 euros, and the Polish electricity has become one of the most expensive on the Old Continent. In comparison with the Czechs or Germany, the wholesale price was 20-30 PLN higher.
On average, Kowalski did not feel it on his own, just because the government decided to freeze prices at the level of June 2018. Many analysts, however, indicate that this action in the short term. In the long run, our budget will not stand it.
Krzysztof Kilian, former president of Polska Grupa Energetyczna, won a few words of honesty. In an interview with money.pl , he said that the times of manual price control have gone into oblivion with the political system transformation, and such actions give the market a signal that we are more interested in political security than energy security.
Kilian, a bit prophetic, also said that yes, in 2018, we avoided 30 percent. increases, but in 2019 or 2020 are waiting for a 100% increase. - Sweeping the case under the carpet will not solve the problem - he alarmed.
Electricity prices in Poland can go up by 100 percent. Because they have not gone 30 percent last time.