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The Warsaw Voice » Politics » September 17, 2018
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Poland wants European Commission intervention
September 17, 2018   
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The Polish government sees a need for an intervention by the European Commission concerning the growing CO2 emission allowances prices, Energy Minister Krzysztof Tchorzewski told PAP.
"The situation calls for an intervention," Tchorzewski said. "The European Commission should be asked to look into it."
According to Tchorzewski, some powerful players on the EU market may make bulk purchases of CO2 emission allowances in advance, and then dictate prices.
"The fact that the allowances are traded directly across the entire EU puts us in a more difficult position, as our purchasing power is smaller," Tchorzewski observed.
The growing prices of CO2 emission allowances are not currently affecting Polish end-users and hardly impact the local power sector next year's prospects, Tchorzewski remarked, while expressing fear that the prices might soon come to PLN 100 [per contract].
The price of the benchmark contract for CO2 emission allowances in the the EU emission trading system ETS exceeded EUR 25 per ton at the London stock exchange on September 10. At the September 12 close, the price of the December contract on the ICE Futures Europe market fell 5.1% to EUR 22.95 per ton.
On September 13, CO2 emission allowances prices fell by 18% on the ICE Futures Europe market, the deepest decline in four years, following the comment from Poland's Energy Minister, according to Bloomberg.
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