20:18 19 November 2019
Moody's expects further intervention of Polish government on energy market
The Polish government will continue to intervene in the energy market to mitigate the short- and medium-term impact of the energy sector's transformation towards low-carbon emissions, according to Moody's.
The agency indicates in communication that decarbonization in line with EU objectives would require, inter alia, rapid reduction of coal mining or closure of mines, so the Polish government intervenes to ensure supply, avoid unemployment and protect consumers from rising energy prices.
“Given the fact that decarbonization seriously interferes with the traditional business model of Polish energy companies that involves the production and sale of cheap energy, we expect government interventions to continue,” Mark Remshardt, vice president and senior analyst at Moody's, said. (PAP)
