The “big four” Polish state-controlled power companies – PGE, Tauron, Enea, and
A slump in EU’s carbon price under the bloc’s Emission Trading System (
The price of CO2 slumped from €95.07 per tonne on the eve of the war to below €70 on
Since
But the exit does not concern companies seen as crucial in times of crisis such as domestic energy providers operating largely on domestic resources like in
As prospects of an embargo on Russian gas imports are reviewed by major EU economies, gas prices are going up, making coal a more economic alternative even at a time of heightened concern about climate change.
Coal prices are now at long-unseen highs. "Benchmark annual futures jumped as much as 32% to
The revived debate about becoming independent of Russia’s energy commodities is another factor driving demand for Polish energy stocks.
“There is a change in the rhetoric of the EU in the field of energy policy. It is about a return to nuclear energy, but also a general stronger emphasis on the independence of raw materials from Russia,”
That could cause the EU to change its stance on Poland’s exiting coal to being more lenient, the analyst also said.
PGE’s stock price jumped 15.67% to PLN9.55 (€2.01) at the close of trade on
Polish coal companies also enjoyed much-increased investor interest, with JSW's stock price ballooning 31.3% to PLN70.9, while Bogdanka gained 30.33 to PLN52.
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