35. Glossary of terms and abbreviations
Presented below is a set of the most frequently used terms and abbreviations in these consolidated financial statements.
| Abbreviation | Full term |
|---|---|
| CCIRS | Cross Currency Interest Rate Swap |
| CGU | Cash Generating Unit |
| EBIT | Earnings Before Interest and Taxes |
| EBITDA | Earnings Before Interest, Taxes, Depreciation and Amortization |
| EPS 550 | Carbon dioxide emission criterion per unit of electricity produced, introduced as part of the so-called „Winter Package”, conditioning the participation of generating units in the capacity market – this limit is 550 gCO2/kWh. |
| ENESTA | ENESTA sp. z o.o in restructuring |
| EUA | European Union Allowances |
| EWB2, EWB3 | Elektrownia Wiatrowa Baltica–2 sp. z o.o., Elektrownia Wiatrowa Baltica–3 sp. z o.o. |
| MLF | Mine Liquidation Fund |
| Fund | Price Difference Payment Fund |
| PGE Group, Group | PGE Polska Grupa Energetyczna S.A. Group |
| IRGiT | Izba Rozliczeniowa Giełd Towarowych S.A. |
| IRS | Interest Rate Swap |
| LTC | Long-term capacity and electricity sale contracts |
| IFRIC | Interpretations by the IFRS Interpretations Committee |
| KOGENARACJA S.A. | Zespół Elektrociepłowni Wrocławskich KOGENARACJA S.A. |
| IFRS | International Financial Reporting Standards |
| IFRS EU | International Financial Reporting Standards approved by the European Union |
| NABE | Narodowa Agencja Bezpieczeństwa Energetycznego S.A. |
| NFOŚiGW | National Fund for Environmental Protection and Water Management |
| TSO | Transmission System Operator |
| BCP | Business Continuity Plan |
| PGE S.A., Spółka, jednostka dominująca | PGE Polska Grupa Energetyczna S.A |
| PGE EC S.A. | PGE Energia Cieplna S.A. |
| PGE EO S.A. | PGE Energia Odnawialna S.A. |
| PGE GiEK S.A. | PGE Górnictwo i Energetyka Konwencjonalna S.A. |
| PGNiG | Polskie Górnictwo Naftowe i Gazownictwo S.A. |
| PWUG | Prawo wieczystego użytkowania gruntu |
| RAT | Rzeczowe aktywa trwałe |
| Financial statements, consolidated financial statements | PGE Group’s consolidated financial statements |
| TGE | Towarowa Giełda Energii |
| URE | Urząd Regulacji Energetyki (Energy Regulatory Office) |
| Law for households | Act of 7 October 2022 on special solutions for the protection of electricity consumers in 2023 in connection with the situation on the electricity market (Dz.U.2023.269 t.j. of 2023.02.09) |
| Emergency measures act 2023 | Act of 27 October 2022 on emergency measures to reduce the level of electricity prices and support for certain consumers in 2023 (Journal of Laws 2022.2243 of 2022.11.03) |
| WACC | Weighted Average Cost of Capital |
| WFOŚiGW | Voivodship Fund for Environmental Protection and Water Management |
| Social Fund | Social Fund |