Operating results

The situation on energy markets in 2022 was dominated by the energy crisis caused by the outbreak of the war in Ukraine. As a result of the disruption of the energy supply chain, energy commodity and energy prices have dramatically increased to historically high levels.

Total production in PGE Group entities decreased by 4% y/y in 2022, which resulted from lower demand of the National Energy System as a result of decreased energy consumption and lower energy exports.

The dynamic increase in market prices of hard coal and gas and the lower availability of hard coal contributed to a change in the production structure in the PGE Group’s generating units. There was a decline in hard coal production by 16% and natural gas production by 34%, and at the same time an increase in brown coal production by 6%.

TWh 2022 2021 y/y
Total production, including: 66.13 68.95 -4%
Lignite 39.60 37.37 6%
Hard coal 20.55 24.34 -16%
Natural gas 2.79 4.22 -34%
Pumped-storage 0.95 0.69 38%
Hydro 0.39 0.45 -13%
Wind 1.57 1.45 8%
Biomass 0.25 0.39 -36%
Municipal waste 0.03 0.04 -25%

We measure generation volumes in two ways. By type of fuel and by generating unit. Some of our units are multi-fuel (e.g. small amounts of biomass are co-fired as supplementary fuel in coal-fired power plants).

Total production from renewable energy sources at PGE Group amounted to 2.24 TWh and was at a similar level year-on-year. The volume of electricity production from renewable sources is calculated as the sum of production from wind, hydro and biomass (including co-firing in conventional power plants). The comparable volume was accounted for by higher production from hydroelectric power plants and lower production from wind power plants, which was mainly determined by weather conditions. Electricity produced by pumped storage units (ESP) is not classified as RES production (it is in fact storage).

Last year, our grids supplied 37.07 TWh of electricity to more than 5.7 million consumption points. In the PGE distribution area, there was a decrease in energy demand of -2% y/y, which largely concerned the G tariff (households) due to the reversal of the effects of the Covid-19 pandemic and reduced time of work and remote learning. Long-term demand growth and stricter quality targets in electricity distribution require systematic investment in the grid to meet the needs of consumers and the growing economy.

TWh 2022 2021 y/y
Distribution of electricity 37.07 37.74 -2%
Volume of electricity ditributed in 2015-2022 (TWh)

*CAGR – CAGR (compound annual growth rate).

In 2022, output was 51.1 million tonnes (an increase of 8% year-on-year). The volume of lignite extraction is closely linked to the volume of electricity production in power plants, for which the mines are a natural supplier.

Tonnes m 2022 2021 y/y
Extraction of lignite, including: 51.08 47.18 8%
Bełchatów – field Bełchatów 3.31 2.78 19%
Bełchatów – field Szczerców 37.89 35.60 6%
Turów 9.88 8.80 12%

The 9% year-on-year decrease in the volume of energy sales to end customers was mainly due to a decrease in sales to large business customers. The increase in sales occurred in the G tariff (households).

TWh 2022 2021 y/y
Sale of energy to final customers, including: 34.28 37.48 -9%
Households (Tariff G) 9.18 10.04 -9%
Business customers (Tariffs A, B, C+R) 25.10 27.44 -9%

In 2022, the volume of PGE Group’s heat sales was significantly lower in relation to 2021. The decrease in heat sales by 3.8 petajoules, or 7%, was mainly the result of higher average outdoor temperatures during the heating season.

Key figures 2022 2021 y/y
Sale of heat [PJ] 51.28 55.07 -7%

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