Energy to Move Foward
What is PGE
We are the largest vertically integrated producer and supplier of electricity in Poland and one of the largest producers of useful heat.
At the core of PGE's activities is our mission, which states that we provide security and development through supply reliability, technical excellence, modern services and partner relations. We always care for all these elements to be of the highest quality.
Our overall objective which guides us in action, is to increase the company’s value for the shareholders and the key role in ensuring Poland’s security of power supply.
Our Group operates almost exclusively within Poland. This is why the specifics of domestic macroeconomic environment has a major impact on our operating and financial results. However we do remember that the condition of the Polish economy depends to a large extent on the situation throughout the European Union and global markets, and our business environment is subject to a number of national and EU regulations. Consideration of all these factors is the key to market success.<.p>With our interest we go beyond national boundaries. We monitor global trends and innovations. To remain a competitive enterprise, we must be more aware of the world which is going forward.
- Our development is planned in line with current sector trends, we want to be an active player in energy of tomorrow.
- We are aware of the transformation in energy sector and the increasing volatility of business environment in which we operate.
- We are present in a number of the energy market’s segments, covering electricity, heat, fuels, certificates, CO2 emission rights and labor market.
- We align our organization and our activity on the individual markets, seeking for efficiency at the Group level.
- We observe factors influencing the direction of regulatory changes: social, economic, environmental.
- We constantly monitor regulatory changes, analyzing their impact on our business, and striving to adapt to them in advance, and in line with their spirit, building a strategy of growth for PGE Group.
Value creation model
Good financial results remain important to us. However, we are aware of other values that are important to our stakeholders. Our value creation model explains how PGE operates and how we process our resources into value for our stakeholders. We strive to maximize the benefits for all our stakeholders in our day-to-day operations by appropriate usage of PGE assets.
Effective action in a dynamically changing environment requires implementation of an action plan.
PGE Strategy is our road map for the years 2016-2020. Our strategy leads us to the intended goals.
We know that we will achieve long-term goals when we modernize conventional generation, when our operations will base on efficiency and flexibility, and when we introduce new technologies and business models - in line with changes in the business environment.
39% of generation market in 2020
Investments in new capacities
Opole II, Turów 11
Modernisation of existing assets
Adaptation to the BAT conclusion standards
Leader in RES generation
25% market share
Average customer connection time
- PLN 3.5 bn
Annual controllable costs
- PLN 0.5 bn
CAPEX for modernization and replacements
- PLN 0.5 bn
EBITDA from new business
Percentage of successful implementations
PGE Nowa Energia
Cooperation with NCBR
Strategy in action
We consistently implement our strategy. We develop our Group in accordance with the given direction, building firm value. We successively present our actions.
Risk to our strategy
PGE operates in a competitive environment. No one is immune to transitional difficulties and dynamically changing environment. We are exposed to a number of risks and threats resulting from the specific nature of our business, market and regulatory environment.
Risk management comprises policies, standards and practices. At PGE we go one step further - we act. That is why we have developed an internal IT tools to support risk management and monitoring.
We continually verify and improve mechanisms for identifying vulnerable areas and ways of measuring risk.