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Odnawialne źródła Energii w Polsce

RES market statistics and regulations. Odnawialne źródła Energii w Polsce. Polish Economic Chamber of Renewable Energy. 5th Sept. 2012. Warsaw, PIGEO Office. Michał  Ćwil Polska Izba Gospodarcza Energii Odnawialnej. Who we are & what we do? Polish Economic Chamber of Renewable Energy.

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Odnawialne źródła Energii w Polsce

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  1. RES market statistics and regulations Odnawialne źródła Energii w Polsce Polish Economic Chamber of Renewable Energy 5th Sept. 2012 Warsaw, PIGEO Office Michał Ćwil Polska Izba Gospodarcza Energii Odnawialnej

  2. Who we are & what we do?Polish Economic Chamber of Renewable Energy • legislation • consulting • education • promotion • B 2 B integration

  3. Our members • Representall RES sectors • wind • biomass • biogas • hydro • solar • geothermal • Representalltrades: • investors • associations • producers and distributors of components for RES investments • supplier of know-how • design companies • consulting companies • education and trade entities • financial institutions

  4. Our members

  5. We are a member of wide range umbrella organizations • European Wind Energy Association • European Renewable Energies Federation • European Biogas Association • The Polish RES Coordination Board • The Polish Chamber of Commerce

  6. Organizations representing renewable energy sources in Poland Polish CoordinationBoardforRenewableEnergySources initiated by PIGEO on 5th ofSeptember 2008

  7. Education activities III edition: from October 2012: Ivestment and & management of projects in RES – postgraduated studies www.studiaenergiaodnawialna.pl

  8. A hugeevent we organizeperiodically www.kongresgreenpower.pl

  9. Total cumulative installed capacity (electrical one) in RES in Poland (MW) *) including agricultural biogas installations registered by Agrucultural Biogas Agency

  10. Installed capacity in wind in PolandCumulative. MW

  11. Electricity generation from RES in PolandGWh 11 356 10 986 8 594 6 493 5 230 4 222 3 760 2 957 1 822 1 035 806 472 257 135 * *) Based on data of 5th March 2012 of Energy Regulatory Office – but however part of electricity generated from biomass in a cofiring technology are not included yet.

  12. A present support schame of green certificates in the electricity sector in Poland 198.9 zł / MWh < 286.74 zł / MWh • The warranty purchase at the minimum price (annual average price of previous year). • Seller of office after joining the unit RES is required to purchase the entire quantity of electricity generated. • The price is the same for all types of renewable energy • The mechanism operates throughout the lifetime of a generating unit • Green certificates are issued by the President of the ERO at the request of the RES producer. It is possible to obtain certificates for commissioning period, up to 60 days. • Price is not guaranteed. Its maximum value is determined by the published unitary replacement fee, which shall be increased annually by inflation. • Companies selling energy to final customers are obliged to purchase green certificates - alternatively, these companies can realize the obligation by paying an appropriate replacement fee. • The price is the same for all types of RES. • Certificates can be sold in a bilateral agreement or at the Power Exchange. Typically, the stock market price of certificates is higher than the long-term contracts by 10-15%. • The mechanism operates throughout the lifetime of a generating unit, but the certificates are set only to 2017

  13. Where the producer of electricity from RES sells electricity? • To the seller of the office in which it operates • To any energy company licensed for trading in electricity • By TGE (Polish Power Exchange): 1 / by the brokerage house or 2 / directly - at current market prices • Producers of renewable energy generally sign a framework agreement with the energy company (annual, long-term) on the sale of electricity and property rights for green certificates. • If the owner of the RES realizes RES project under loan, Bank requires the signature of long-term contracts for electricity and certificates.

  14. How is marketing of green certificates look like? • Property rights to the green certificates can be disposed of (in the case of RES producer) or buy (in the case of a company obliged) in three ways: • in transactions on the trading session RPM, cleared by IRGiT • in the off-session transactions with guaranteed settlement by IRGiT, or • in transactions not cleared by the off-session IRGiT. • Quotations session of the RES property rights (contracts PMOZE and PMOZE_A) take place two days a week - on Tuesdays and Thursdays (excluding public holidays). Trading on these contracts off-session takes place on Mondays and Wednesdays. To be able to sell or buy a property rights arising from certificates of origin is necessary to obtain the status of a member of the Register of Certificates of Origin and employment of a commodity broker or use the services of the brokerage house is a member of TGE.

  15. Unitary prices of electricity and unitary replacement fee in recent years (PLN / MWh) The unit value of the replacement fee determines the green certificate price trends and sets (apart from the later discussion of Excise Duty) the maximum price for green certificates. Certificate prices also depend on supply and demand. These in turn depend on the level of duties established in Ordinances (see next slides of the presentation).

  16. Unitary prices of electricity (gray) and unitary replacement fee (green) in recent years – it total it not represents the income PLN / MWh The green certificate price is usually lower than unitary replacement fee by around 15%, especially in long-term contracts.

  17. Prices for wholesale electricity in the future (market) Because of the restrictions related to reduction in CO2 emissions resulting from the climate package, it is expected that electricity price in Poland will increases rapidly in the future, especially after 2016 when the entire amount of CO2 emission allowances will have to be acquired by the companies producing electricity basing on conventional sources. Today, more than 90% of gross electricity in Poland is produced from coal.

  18. Average sales price of certificates under Power Exchange Based on: TGE PLN/MWh monthly weighted average index OZEX weighted average of transactions off-session PMOZE weighted average of transactions off-session PMOZE_A weighted average index OZEX_A PMOZE_A monthly volume of transactions, off-session PMOZE_A monthly volume of the session MWh PMOZE monthly volume of transactions, off-session PMOZE monthly volume of the session

  19. Two types of green certificates of origin PMOZE - the supply of property rights to green certificates arising from certificates of origin which confirms the production of electricity from RES in the period up to 28 February 2009 PMOZE_A - the supply of property rights to green certificates arising from certificates of origin which confirms the production of electricity from RES in the period from 1 March 2009 (with a possible excise tax deduction). The amount of excise duty per unit of energy amounts to 20 PLN / MWh. Therefore, the stock market has the possibility to sale green certificates at a price higher than the unitary replacement fee by approximately half the value of the excise tax, which is about 10 PLN / MWh of green certificate. The company obliged to purchase certificates could get full 20 PLN / MWh excise duty back after redemption of green certificates.

  20. The obligations imposed on companies seling electricity to final customers – duties referend to total electricity consumptions in Poland • Existing levels of duties (Ordinance 14.08.2008r) • 2012 – 10.4% • 2013 – 10.9% • 2014 – 11.4% • 2015 – 11.9% • 2016 – 12.4% • 2017 - 12.9% ... oversupply could be ... what happened after 2017? yearly ca. 155 TWh yearly ca. 116 TWh Production (gross) Self consumption Transmission and distribution (loses) net final consumption

  21. The obligations imposed on companies seling electricity to final customers – duties referend to total electricity consumptions in Poland • Existing levels of duties (Ordinance 14.08.2008r) • 2012 – 10.4% • 2013 – 10.9% • 2014 – 11.4% • 2015 – 11.9% • 2016 – 12.4% • 2017 - 12.9% Level of duties under draft Ordinance 4.01.2012) • 2012 – 10.4% • 2013 – 12% • 2014 – 13% • 2015 – 14% • 2016 – 15% • 2017 – 16% • 2018 – 17% • 2019 – 18% • 2020 – 19% • 2021 – 20% yearly ca. 155 TWh rocznie ok. 116 TWh less than in NREAP... why? Production (gross) Self consumption Transmission and distribution (loses) net final consumption

  22. Targets for RES in 2020 Target of RES for the EU Targetfor RES in Poland Sectoraltargetsfor Poland 20% 15.5% Electr. H&C Trans. 17% 19% 10%

  23. Support systems based on the draft Act published in December 2011

  24. The proposed system of green certificates support in the electricity sector for all RES excluding microinstallations (all RES bigger than 40 kW) 198.9 zł / MWh < 286.74 zł / MWh • No purchase guaranted anymore. • No price guaranted is applied anymore. • Green certificates are issued by the President of the ERO at the request of the RES producer only for 15 years. • Price is not guaranteed. Its maximum value is determined by the published unitary replacement fee. But there will be new method of its calculation. • Companies selling energy to final customers are obliged to purchase green certificates - alternatively, these companies can realize the obligation by paying an appropriate replacement fee. • Price is not the same for all types of RES. Correction factors are introduced. • The mechanism does not operate throughout the lifetime of a generating unit, only for 15 years from benefiting of the support system.

  25. Support systems based on the draft Act published in July 2012

  26. The proposed system of green certificates support in the electricity sector for all RES excluding microinstallations (all RES bigger than 40 kW) and excluding some small insltallations up to 200 kW 198.9 zł / MWh < 286.74 zł / MWh • The warranty purchase. But in a modified form. In order to get green certificates the electricity can only be sell to the seller of officio at minimum price. • After the entry into force an annual increase by a rate of inflation is applied for electricity price. • Green certificates are issued by the President of the ERO at the request of the RES producer only for 15 years. • Price is not guaranteed. Its maximum value is determined by the published unitary replacement fee. No annual inflation is applied anymore. • Companies selling energy to final customers are obliged to purchase green certificates - alternatively, these companies can realize the obligation by paying an appropriate replacement fee. • Price is different for different type of RES. Correction factors are introduced. It will be another mechanism of calculating the replacement fee than presented in December 2011. Ministry are going to return to a functioning methodology. • The mechanism does not operate throughout the lifetime of a generating unit, but it is applied only for 15 years from start-up process.

  27. Some proposed correction factors to be applied in 2013 • Wind onshore: 0,9 • Wind offshore: 1,8 • Biogas Agro > 1 MWel: 1,4 • Biogas Agro (0,5 – 1 MW): 1,45 • Cofiring of biomass: 0,3 • Large hydro: 2,3 • Large biomass: 0,95 • PV: 2,85

  28. How to foresee the revenues? wind onshore for instance, PLN / MWh Inflation of rate 2.5% is applied to electricity The price of green certificate might be: (ca. 90% of replacement fee x 0,9) The income per MWh might be represented by the sum of blue circles and green circles)

  29. The proposed system microinstallations (up to 40 kW) and for some small insltallations FeedinTariff system isapplied but no longerthanup to 2027 !

  30. The schedule of work under the Act of RES declared by the Ministry of Economy • June 15, 2012 (Act leaves the legal department) • June 30, 2012 (Act is passed to the Parliament) • January 1, 2013 (Act comes into force) • ?

  31. Discussion

  32. Thank you for your attention Michał Ćwil Polska Izba Gospoadarcza Energii Odnawialnej michal.cwil@pigeo.pl Polska Izba Gospodarcza Energii Odnawialnej ul. Gotarda 9.02-683 Warszawa Tel. +48 22 548 49 99.Fax +48 22 548 49 00 pigeo@pigeo.pl www.pigeo.org.pl

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