Compensation to energy companies could reach zł. 17 billion

Due to the liquidation of long-term contracts (KDT), energy producers will be provided with not more than a total of zł.16-17 billion in compensation, said Wojciech Tabiś, the director of Energy Security Department at the Economy Ministry. "This sum is the maximum amount which can be accepted by financial markets, where bonds issued by the National Grid (PSE) will be sold to raise the money for payout," Tabiś said. It was earlier announced that this sum will be around zł.15 billion. However, the ultimate figure will mostly depend on the outcome of negotiations with the European Commission, the latest round of which will take place at on Thursday and Friday. So far, the EC has question the legality of the compensation. (Parkiet, p. 5; Puls Biznesu, p. 8) A.K.