Free Trial

POWER: Poland Needs to Revamp Energy Sector Amid High Costs

POWER

Poland needs to quickly revamp its power sector as the country is risking to lose its competitiveness, Polish businessman Michal Solowow said, cited by Bloomberg. 

  • High taxes, carbon allowance permits, and aging power plants have caused higher power prices in Poland, which could cause Poland to lose out on new investments, Solowow said.
  • Solowow is suggesting Poland to build SMRs in order to ensure cheap and reliable power. 
68 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Poland needs to quickly revamp its power sector as the country is risking to lose its competitiveness, Polish businessman Michal Solowow said, cited by Bloomberg. 

  • High taxes, carbon allowance permits, and aging power plants have caused higher power prices in Poland, which could cause Poland to lose out on new investments, Solowow said.
  • Solowow is suggesting Poland to build SMRs in order to ensure cheap and reliable power.