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CCS – legal framework for the development of carbon capture and storage technologies in Poland and the European Union

December 18, 2024

The European Union has been undertaking a number of industrial decarbonization measures directly affecting businesses in recent years. An example is last year’s amendment to the Directive establishing a scheme for greenhouse gas emission allowance trading within the Community (EU ETS Directive). The amendment reduced the cap on emission allowances and tightened the rules for the allocation of free allowances, which may result in the purchase of more allowances than before and an increase in prices. This has an impact on the cost of carrying on business in the sectors covered by the EU ETS.

Maximum prices in offshore auctions – unequal prices equalizing the odds

December 18, 2024

On 27 November 2024, a small, yet significant amendment to the Act on promoting offshore wind farms electricity generation (“Offshore Act”) was adopted by the Polish Parliament (“Amendment”). This Amendment changes one provision of the Offshore Act being the basis for issuing the regulation on maximum auctioning prices of electricity generated by offshore wind farms and introduced to the grid (“Maximum Price”) which is applicable to the so-called 2nd phase of offshore support system (CfD).

Opening of the Polish gas market

December 18, 2024

In line with the current provisions of the Act of 16 February 2007 on stocks of oil, petroleum products and natural gas and the principles of proceeding in situations of threat to the state's fuel security and disturbances on the oil market (“the Act”) , energy entities involved in trading natural gas with foreign countries, as well as those importing natural gas for their own needs, are obligated to maintain mandatory stocks. Importantly, these stocks must not be put to commercial use.