ESRS
Characteristics of business segments

Renewables

This segment is involved in the generation of electricity from renewable sources and in pumped storage power plants.

Assets and operational data

The PGE Capital Group’s operations in renewable energy are managed by the PGE Energia Odnawialna S.A. Due to the profile of operations, the segment also includes companies from the Offshore area, which are responsible for all activities related to offshore wind energy.

Assets in the segment include:

21
wind farms
49
photovoltaic power plants
29
run-of-river hydro power plants
4
pumped-storage power plants, including 2 with natural flow

Type of power plant 2024 2023 % change
Run-of-river hydro power plants 96 96 0%
Pumped-storage power plants 1 251 1 251 0%
Pumped-storage power plants with natural flow 287 287 0%
Wind farms 797 797 0%
PV (including projects without final acceptance) 230 49 369%
Total 2 661 2 480 7%
Type of power plant 2024 2023 % change
Run-of-river hydro power plants 96 96 0%
Pumped-storage power plants 1 251 1 251 0%
Pumped-storage power plants with natural flow 287 287 0%
Wind farms 797 797 0%
PV (including projects without final acceptance) 230 49 369%
Total 2 661 2 480 7%

Type of power plant Q4 2024 Q4 2023 % change 2023 2024 % change
Pumped-storage power plants 142 310 -54% 871 1 201 -27%
Run-of-river hydro power plants 68 103 -34% 403 441 -9%
Wind farms 514 608 -15% 1 782 1 774 0%
PV 22 3 633% 149 25 496%
Total 746 1 024 -27% 3 205 3 441 -7%
Type of power plant Q4 2024 Q4 2023 % change 2023 2024 % change
Pumped-storage power plants 142 310 -54% 871 1 201 -27%
Run-of-river hydro power plants 68 103 -34% 403 441 -9%
Wind farms 514 608 -15% 1 782 1 774 0%
PV 22 3 633% 149 25 496%
Total 746 1 024 -27% 3 205 3 441 -7%

2024 2023 2022 2021 2020
Availability
Run-of-river hydro power plants 93,1% 89,6% 92,1% 88,6% 90,1%
Wind farms 96,2% 97,1% 97,6% 97,2% 97,0%
Capacity factor
Run-of-river hydro power plants 27,2% 35,3% 31,8% 35,3% 31,7%
Wind farms 26,6% 26,7% 26,0% 25,7% 28,0%
2024 2023 2022 2021 2020
Availability
Run-of-river hydro power plants 93,1% 89,6% 92,1% 88,6% 90,1%
Wind farms 96,2% 97,1% 97,6% 97,2% 97,0%
Capacity factor
Run-of-river hydro power plants 27,2% 35,3% 31,8% 35,3% 31,7%
Wind farms 26,6% 26,7% 26,0% 25,7% 28,0%

Gas-fired generation

The segment’s business is the generation of electricity in gas-fired sources.

Assets

The Gas-fired Generation segment comprises of 2 units in Gryfino Power Plant, each with an installed capacity of 683 MW fuelled by low-emission gas, and the Rybnik Power Plant in construction (1 unit with a capacity of 882 MW).

On March 4, 2024 unit no. 9 at the Gryfino Power Plant was synchronised with the NPS. On August 14, 2024 the unit was commissioned.

On May 22, 2024 unit no. 10 at the Gryfino Power Plant was synchronised with the NPS. On October 18, 2024 the unit was commissioned.

Main assets of the Gas-fired Generation segment and their installed capacity.

Main fuel type Installed capacity (MWe)
2024
Natural gas 1 366
Total 1 366
Main fuel type Installed capacity (MWe)
2024
Natural gas 1 366
Total 1 366

Main fuel type IQ4 2024 2024
Natural gas 1,05 2,55
Total 1,05 2,55
Main fuel type IQ4 2024 2024
Natural gas 1,05 2,55
Total 1,05 2,55

2024
Availability
Gas-fired power plants 89,21%
Capacity factor
Gas-fired power plants 34,04%
2024
Availability
Gas-fired power plants 89,21%
Capacity factor
Gas-fired power plants 34,04%

Conventional Generation

This segment includes lignite mining and generation of electricity in conventional sources.

Assets

Conventional Generation segment consists of: 2 lignite mines and 5 conventional power plants.

Conventional Generation segment is the leader of lignite mining (its share in the extraction market of this raw material accounting for 95%[1] of domestic extraction), it is also the largest generator of electricity as it generates approx. 29%[2] of domestic gross electricity production. The generation is based on lignite extracted from mines owned by the company as well as hard coal.

Main assets of the Conventional Generation segment with their installed capacity.

Main fuel types Installed capacity (MWe) % change Installed capacity (MWe) % change
2024 2023 2024 2023
Węgiel kamienny 5 236 5 696 -8% 251 251 0%
Węgiel brunatny 7 156 7 156 0% 707 707 0%
Razem 12 392 12 852 -4% 958 958 0%
Main fuel types Installed capacity (MWe) % change Installed capacity (MWe) % change
2024 2023 2024 2023
Węgiel kamienny 5 236 5 696 -8% 251 251 0%
Węgiel brunatny 7 156 7 156 0% 707 707 0%
Razem 12 392 12 852 -4% 958 958 0%

Main fuel types Installed capacity (MWe) % change Installed capacity (MWe) % change
2024 2023 2024 2023
Węgiel kamienny 5 236 5 696 -8% 251 251 0%
Węgiel brunatny 7 156 7 156 0% 707 707 0%
Razem 12 392 12 852 -4% 958 958 0%
Main fuel types Installed capacity (MWe) % change Installed capacity (MWe) % change
2024 2023 2024 2023
Węgiel kamienny 5 236 5 696 -8% 251 251 0%
Węgiel brunatny 7 156 7 156 0% 707 707 0%
Razem 12 392 12 852 -4% 958 958 0%

Main fuel types Q4 2024 Q4 2023 % change 2024 2023 % change
Hard coal 0,21 0,20 5% 0,64 0,64 0%
Lignite 0,78 0,78 0% 2,36 2,46 -4%
Total 0,99 0,98 1% 3,00 3,10 -3%
Main fuel types Q4 2024 Q4 2023 % change 2024 2023 % change
Hard coal 0,21 0,20 5% 0,64 0,64 0%
Lignite 0,78 0,78 0% 2,36 2,46 -4%
Total 0,99 0,98 1% 3,00 3,10 -3%

Details 2024 2023 2022 2021 2020
Availability1
Power plants – lignite 82,8% 82,2% 86,0% 82,7% 82,2%
Power plants – hard coal 86,2% 90,6% 87,4% 78,2% 80,2%
Capacity factor1
Power plants – lignite 54,7% 57,2% 75,2% 70,8% 58,3%
Power plants – hard coal 29,8% 33,3% 35,8% 42,6% 34,2%
Details 2024 2023 2022 2021 2020
Availability1
Power plants – lignite 82,8% 82,2% 86,0% 82,7% 82,2%
Power plants – hard coal 86,2% 90,6% 87,4% 78,2% 80,2%
Capacity factor1
Power plants – lignite 54,7% 57,2% 75,2% 70,8% 58,3%
Power plants – hard coal 29,8% 33,3% 35,8% 42,6% 34,2%

District Heating

Core business of the District Heating segment includes production of electricity and heat from cogeneration sources as well as distribution of heat.

Assets

The following companies are included in the segment: PGE Energia Ciepła S.A., KOGENERACJA S.A., EC Zielona Góra S.A., PGE Toruń S.A., MEGAZEC sp. z  o.o. and the district heating network in Gryfino.

Currently, the segment includes 16 combined heat and power plants.

District Heating is the largest heat producer in Poland. Generation is based mainly on hard coal and natural gas.

Main assets of the District Heating segment and their installed capacity

Main fuel types Installed capacity
(MWe)
% change Installed capacity
(MWt)
% change
2024 2023 2024 2023
Hard coal 1 438 1 548 -7% 3 362 3 925 -14%
Gas 947 940 1% 2 002 1 557 29%
Biomass 83 83 0% 209 176 19%
Other 9 9 0% 649 472 38%
Total 2 477 2 580 -4% 6 222 6 130 2%
Main fuel types Installed capacity
(MWe)
% change Installed capacity
(MWt)
% change
2024 2023 2024 2023
Hard coal 1 438 1 548 -7% 3 362 3 925 -14%
Gas 947 940 1% 2 002 1 557 29%
Biomass 83 83 0% 209 176 19%
Other 9 9 0% 649 472 38%
Total 2 477 2 580 -4% 6 222 6 130 2%

Main fuel types Q4 20244 Q4 2023 % change 2024 2023 % change
Hard coal 1,10 1,16 -5% 3,21 3,79 -15%
Gas 1,09 1,31 -17% 3,62 4,21 -14%
Biomass 0,09 0,11 -18% 0,37 0,44 -16%
Other 0,00 0,00 0,03 0,07 -57%
Total 2,28 2,58 -12% 7,23 8,51 -15%
Main fuel types Q4 20244 Q4 2023 % change 2024 2023 % change
Hard coal 1,10 1,16 -5% 3,21 3,79 -15%
Gas 1,09 1,31 -17% 3,62 4,21 -14%
Biomass 0,09 0,11 -18% 0,37 0,44 -16%
Other 0,00 0,00 0,03 0,07 -57%
Total 2,28 2,58 -12% 7,23 8,51 -15%

Main fuel types Q4 2024 Q4 2023 % change 2024 2023 % change
Hard coal 11,38 11,76 -3% 32,07 34,73 -8%
Gas 4,73 3,85 23% 10,56 9,86 7%
Biomass 0,59 0,87 -32% 2,05 1,87 10%
Other 0,16 0,15 7% 0,74 0,69 7%
Total 16,86 16,63 1% 45,42 47,15 -4%
Main fuel types Q4 2024 Q4 2023 % change 2024 2023 % change
Hard coal 11,38 11,76 -3% 32,07 34,73 -8%
Gas 4,73 3,85 23% 10,56 9,86 7%
Biomass 0,59 0,87 -32% 2,05 1,87 10%
Other 0,16 0,15 7% 0,74 0,69 7%
Total 16,86 16,63 1% 45,42 47,15 -4%

2024 2023 2022 2021 2020
Availability 81,1% 84,0% 75,3% 79,7% 75,8%
Capacity factor 37,7% 42,2% 36,8% 41,0% 46,7%
2024 2023 2022 2021 2020
Availability 81,1% 84,0% 75,3% 79,7% 75,8%
Capacity factor 37,7% 42,2% 36,8% 41,0% 46,7%

Distribution

Core business of the segment includes supply of electricity to final off-takers through the grid and HV, MV and LV infrastructure.

Area, volumes, customers

PGE Dystrybucja S.A. operates in the area[3] of 129 938 sq. km and delivers electricity to approximately 5.8 million customers.

Main assets of the Distribution segment and their parameters

Tariff Q4 2024 Q4 2023 % change
A tariff group 1,27 1,28 -1%
B tariff group 3,60 3,54 2%
C+R tariff groups 1,72 1,69 2%
G tariff group 2,94 2,81 5%
Total 9,53 9,32 2%
Tariff Q4 2024 Q4 2023 % change
A tariff group 1,27 1,28 -1%
B tariff group 3,60 3,54 2%
C+R tariff groups 1,72 1,69 2%
G tariff group 2,94 2,81 5%
Total 9,53 9,32 2%

Tariff 2024 2023 % change 2022 2021 2020
A tariff group 5,13 5,01 2% 5,35 5,40 5,16
B tariff group 14,26 14,01 2% 14,81 14,96 13,99
C+R tariff groups 6,35 6,32 0% 6,66 6,84 6,50
G tariff group 10,54 10,44 1% 10,25 10,54 10,02
Total 36,28 35,78 1% 37,07 37,74 35,67
Tariff 2024 2023 % change 2022 2021 2020
A tariff group 5,13 5,01 2% 5,35 5,40 5,16
B tariff group 14,26 14,01 2% 14,81 14,96 13,99
C+R tariff groups 6,35 6,32 0% 6,66 6,84 6,50
G tariff group 10,54 10,44 1% 10,25 10,54 10,02
Total 36,28 35,78 1% 37,07 37,74 35,67

Tariff 2024 2023 % change 2022 2021 2020
A tariff group 161 147 10% 134 118 111
B tariff group 14 671 14 097 4% 13 484 13 029 12 504
C+R tariff groups 475 988 472 503 1% 480 663 488 553 486 272
G tariff group 5 302 912 5 235 146 1% 5 163 322 5 089 033 5 030 101
Total 5 793 732 5 721 893 1% 5 657 603 5 590 733 5 528 988
Tariff 2024 2023 % change 2022 2021 2020
A tariff group 161 147 10% 134 118 111
B tariff group 14 671 14 097 4% 13 484 13 029 12 504
C+R tariff groups 475 988 472 503 1% 480 663 488 553 486 272
G tariff group 5 302 912 5 235 146 1% 5 163 322 5 089 033 5 030 101
Total 5 793 732 5 721 893 1% 5 657 603 5 590 733 5 528 988

Operational data Unit 2024 2023 2022 2021 2020
Number of stations thousand pcs 100,0 99,0 96,6 96,0 95,6
MVA power MVA 34 862 33 723 33 524 32 956 32 663
Total length of power lines thousand km 304,1 301,3 298,7 297,0 295,6
  • HV lines
thousand km 10,6 10,5 10,4 10,4 10,4
  • MV lines
thousand km 117,4 116,6 115,6 115,0 114,5
  • LV lines
thousand km 176,1 174,2 172,7 171,6 170,7
Grid loss ratio % 4,2 4,3 4,5 4,7 5,2
SAIDI, including: minutes 303 313 495 368 251
  • Planned
minutes 38 41 35 34 40
  • Unplanned with catastrophic
minutes 265 272 460 334 211
SAIFI, including: per customer 4,13 4,29 5,20 4,28 3,67
  • Planned
per customer 0,24 0,25 0,20 0,19 0,24
  • Unplanned with catastrophic
per customer 3,89 4,04 5,00 4,09 3,43
Connection time days 276 298 341 267 206
Operational data Unit 2024 2023 2022 2021 2020
Number of stations thousand pcs 100,0 99,0 96,6 96,0 95,6
MVA power MVA 34 862 33 723 33 524 32 956 32 663
Total length of power lines thousand km 304,1 301,3 298,7 297,0 295,6
  • HV lines
thousand km 10,6 10,5 10,4 10,4 10,4
  • MV lines
thousand km 117,4 116,6 115,6 115,0 114,5
  • LV lines
thousand km 176,1 174,2 172,7 171,6 170,7
Grid loss ratio % 4,2 4,3 4,5 4,7 5,2
SAIDI, including: minutes 303 313 495 368 251
  • Planned
minutes 38 41 35 34 40
  • Unplanned with catastrophic
minutes 265 272 460 334 211
SAIFI, including: per customer 4,13 4,29 5,20 4,28 3,67
  • Planned
per customer 0,24 0,25 0,20 0,19 0,24
  • Unplanned with catastrophic
per customer 3,89 4,04 5,00 4,09 3,43
Connection time days 276 298 341 267 206

Railway Energy Services

The segment include activities by the PGE Capital Group mainly in field of distribution and sale of electricity to railway operators and customers functioning within the railway system, the sale of fuels, as well as the maintenance and modernisation of overhead contact line network, together with other ancillary services.

Volumes, customers and operational data

The main part of the segment’s assets consists of electricity distribution assets held by PGE Energetyka Kolejowa SA. Among other elements, these assets include 545 overhead contact line network substations supplying power to railway lines throughout the country. The total length of the company’s network lines is 18.4 thousand kilometres. The network of PGE Energetyka Kolejowa S.A. serves approximately 57 thousand customers

Main assets of the Railway Energy Services segment and their parameters

Tariff Q4 2024 Q4 2023 % change 2024 20231 % change
B tariff group 0,74 0,73 1% 2,85 2,09 36%
C+R tariff groups 0,03 0,03 0% 0,11 0,09 22%
G tariff group 0,01 0,02 -50% 0,05 0,04 25%
Total 0,78 0,78 0% 3,01 2,22 36%
Tariff Q4 2024 Q4 2023 % change 2024 20231 % change
B tariff group 0,74 0,73 1% 2,85 2,09 36%
C+R tariff groups 0,03 0,03 0% 0,11 0,09 22%
G tariff group 0,01 0,02 -50% 0,05 0,04 25%
Total 0,78 0,78 0% 3,01 2,22 36%

Tariff 2024 20231 % change
B tariff group 295 319 -8%
C+R tariff groups 7 255 8 412 -14%
G tariff group 30 301 27 993 8%
Total 37 851 36 724 3%
Tariff 2024 20231 % change
B tariff group 295 319 -8%
C+R tariff groups 7 255 8 412 -14%
G tariff group 30 301 27 993 8%
Total 37 851 36 724 3%

Tariff Q4 2024 Q4 2023 % change 2024 20231 % change
B tariff group 0,94 0,92 2% 3,64 2,66 37%
C+R tariff groups 0,16 0,17 -6% 0,57 0,40 43%
G tariff group 0,02 0,01 100% 0,06 0,04 50%
Total 1,12 1,10 2% 4,27 3,10 38%
Tariff Q4 2024 Q4 2023 % change 2024 20231 % change
B tariff group 0,94 0,92 2% 3,64 2,66 37%
C+R tariff groups 0,16 0,17 -6% 0,57 0,40 43%
G tariff group 0,02 0,01 100% 0,06 0,04 50%
Total 1,12 1,10 2% 4,27 3,10 38%

Tariff 2024 20231 % change
B tariff group 676 644 5%
C+R tariff groups 25 906 26 167 -1%
G tariff group 30 617 28 256 8%
Total 57 199 55 067 4%
Tariff 2024 20231 % change
B tariff group 676 644 5%
C+R tariff groups 25 906 26 167 -1%
G tariff group 30 617 28 256 8%
Total 57 199 55 067 4%

Operational data Unit 2024 2023
Number of stations thousand pcs. 6,9 6,7
MVA power MVA 8 435 8 292
Total length of power lines thousand km 18,4 18,6
  • HV lines
thousand km 0,4 0,4
  • MV lines
thousand km 14,8 15,0
  • LV lines
thousand km 3,2 3,2
Grid loss ratio % 3,91 3,94
SAIDI, including:: minutes 125 92
  • Planned
minutes 13 13
  • Unplanned with catastrophic
minutes 112 79
SAIFI, including: per customer 2,18 1,96
  • Planned
per customer 0,14 0,09
  • Unplanned with catastrophic
per customer 2,04 1,87
Connection time days 441 319
Operational data Unit 2024 2023
Number of stations thousand pcs. 6,9 6,7
MVA power MVA 8 435 8 292
Total length of power lines thousand km 18,4 18,6
  • HV lines
thousand km 0,4 0,4
  • MV lines
thousand km 14,8 15,0
  • LV lines
thousand km 3,2 3,2
Grid loss ratio % 3,91 3,94
SAIDI, including:: minutes 125 92
  • Planned
minutes 13 13
  • Unplanned with catastrophic
minutes 112 79
SAIFI, including: per customer 2,18 1,96
  • Planned
per customer 0,14 0,09
  • Unplanned with catastrophic
per customer 2,04 1,87
Connection time days 441 319

* In 2023, data from the date of acquisition, i.e. April 3, 2023.

Supply

Supply segment activities include Group’s wholesale and retail trading of electricity. Wholesale trading includes mainly electricity trading on behalf of and for Conventional Generation segment, Gas-fired Generation segment, District Heating segment and Renewables segment.

Volumes, customers and operational data

Tariffs Q4 2024 Q4 2023 % change
A tariff group 0,95 1,30 -27%
B tariff group 2,74 2,77 -1%
C+R tariff groups 1,53 1,57 -3%
G tariff group 2,35 2,30 2%
Total 7,57 7,94 -5%
Tariffs Q4 2024 Q4 2023 % change
A tariff group 0,95 1,30 -27%
B tariff group 2,74 2,77 -1%
C+R tariff groups 1,53 1,57 -3%
G tariff group 2,35 2,30 2%
Total 7,57 7,94 -5%

Tariffs 2024 2023 % change 2022 2021 2020
A tariff group 4,10 5,79 -29% 7,32 7,29 9,35
B tariff group 11,19 11,27 -1% 11,85 13,68 14,79
C+R tariff groups 6,05 6,10 -1% 5,85 6,31 6,75
G tariff group 9,31 9,25 1% 9,18 10,04 9,75
Total 30,65 32,41 -5% 34,20 37,32 40,64
Tariffs 2024 2023 % change 2022 2021 2020
A tariff group 4,10 5,79 -29% 7,32 7,29 9,35
B tariff group 11,19 11,27 -1% 11,85 13,68 14,79
C+R tariff groups 6,05 6,10 -1% 5,85 6,31 6,75
G tariff group 9,31 9,25 1% 9,18 10,04 9,75
Total 30,65 32,41 -5% 34,20 37,32 40,64

Tariffs 2024 2023 % change 2022 2021 2020
A tariff group 142 159 -11% 154 139 142
B tariff group 11 086 11 209 -1% 11 072 11 877 12 575
C+R tariff groups 394 292 415 274 -5% 405 766 421 164 446 253
G tariff group 5 303 419 5 233 092 1% 5 102 455 5 021 702 4 954 863
Total 5 708 939 5 659 734 1% 5 519 447 5 454 882 5 413 833
Tariffs 2024 2023 % change 2022 2021 2020
A tariff group 142 159 -11% 154 139 142
B tariff group 11 086 11 209 -1% 11 072 11 877 12 575
C+R tariff groups 394 292 415 274 -5% 405 766 421 164 446 253
G tariff group 5 303 419 5 233 092 1% 5 102 455 5 021 702 4 954 863
Total 5 708 939 5 659 734 1% 5 519 447 5 454 882 5 413 833

** Data for PGE Obrót S.A.

Circular Economy

The activities of the segment include the provision of comprehensive services in the field of management of combustion by-products ("UPS"), provision of services in auxiliary areas for electricity and heat producers and the supply of materials based on UPS.

2024 2023 % change 2022 2021
UPS volume collected (Mg thousand) 3 454 3 508 -2% 3 629 3 283
2024 2023 % change 2022 2021
UPS volume collected (Mg thousand) 3 454 3 508 -2% 3 629 3 283

Other Operations

Core activities of the segment include provision of services to PGE Capital Group, inter alia organisation of capital raising in form of Eurobonds (PGE Sweden), provision of IT ser, provision of security services.

The segment also includes the company PGE Ventures sp. z o.o., which is responsible for investments in start-ups at every stage of the investment cycle: from projects in the earliest phase of development, through projects in the early growth phase, to mature start-ups in the late growth and expansion phase.

[1] Own calculations based on data from Central Statistical Office of Poland.

[2] Own calculations based on data from PSE S.A.

[3] The area of municipalities in which PGE Dystrybucja S.A. operates.

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