EC rules on temporary free allowances for power plants in Poland.

By bne IntelliNews July 16, 2012
The European Commission has approved Poland's request for a continued free allocation of EU Emissions Trading System (EU ETS) allowances to its power sector beyond this year, subject to certain modifications being made, according to EC's press release. The Commission has taken its decision under provisions which allow certain Member States exemptions from the general rule that, from 2013 onwards, the power sector must buy all its allowances at auctions or in the market. The Commission's decision also stipulates that certain investments proposed by Poland, primarily concerning new fossil-fuel base generation capacity, may not be used to justify the allocation of free allowances. Poland plans to grant free allowances to installations only after admissible modernisation investments have been realised. In 2013-2019, Poland is due to receive 404,650,354 allowances for free to its power plants.
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