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ANNOUNCEMENT OF INITIAL RESULTS OF MAIN...

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ANNOUNCEMENT OF INITIAL RESULTS OF MAIN AUCTION FOR YEAR OF DELIVERY 2026

20/12/2021 10:50

The Management Board of Polenergia S.A. (“Issuer”) in reference to current report No. 46/2021 of 16 December 2021, hereby reports that in line with the initial results of the main auction for the 2026 year of delivery announced by Polskie Sieci Elektroenergetyczne S.A., the main auction for the 2026 year of delivery ended in the first round with the closing price of PLN 400.39 per kW per year.

With respect to the announcement of the initial results of the main auction for the 2026 year of delivery, the capacity agreement was concluded with the Issuer’s subsidiary ˗ Polenergia Elektrociepłownia Nowa Sarzyna with its registered office in Nowa Sarzyna. The total volume of the capacity obligation under the contract amounts to 112 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)

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