PROS to manage zł. 15 billion energy sector compensation

Due to a recent decision to liquidate long-term contracts in the power industry, power plants delivering supplies to the Polish Grid (PSE) will receive compensation. In order to cover these expenses, companies owned by PSE will issue shares with a nominal value of zł. 14 billion. The State Treasury has decided to form a company which will start operating next year, called PROS, which will be responsible for calculating and collecting special fees from all power receivers. Although the company will be responsible for large sums of money, no state organization will have direct control over it. The enterprise will be formed as a joint-stock company controlled by PSE. According to analysts, the supervisory board, which will include representatives from key ministries, is not enough to ensure effective control over PROS. (Parkiet, p. 1) A.K.