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Investing.com -- Poland’s energy ministry announced plans on Tuesday to reinstate requirements for power companies to sell the majority of their electricity on the country’s power exchange, aiming to increase market transparency.
The proposal would mandate that 55% of electricity output be traded on the exchange, reversing a decision by the previous government that had eliminated the obligation for power companies to trade all output on the exchange from 2023.
According to the energy ministry, the removal of this requirement reduced competition for state-controlled energy companies, resulting in more than 70% of power being sold through bilateral contracts in 2023.
The ministry noted that some corporate consumers have faced difficulties securing purchase agreements, while electricity prices have become more vulnerable to speculation.
The legislative proposal, submitted Tuesday, must still gain cabinet approval, pass through parliament, and receive the president’s signature before becoming law.
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