PGE electricity production increases by 18% y/y Q1 2018

Electricity production in the Polish Energy Group (PGE) amounted to 17.66 TWh in the first quarter of 2018 (an increase of 18 percent y/y), the company announced. In the first quarter of 2018, the energy production in the group amounted to 17.66 TWh, of which 9.82 TWh, 7 percent less than in the previous year, came from lignite. Energy production from hard coal amounted to 5.71 TWh, which means an increase of 102 percent in relation to the base period. The volume of gas production increased by 57 percent and amounted to 1.49 TWh in the first quarter of 2018. The share of the PGE Group in electricity production in Poland is approx. 40 percent, while in the electricity distribution market it stands at approx. 26 percent. The company has been listed on the Warsaw Stock Exchange since 2009.