Glossary of terms and abbreviations
The following is a list of the terms and abbreviations most frequently used in these consolidated financial statements
| Abbreviation | Full name |
|---|---|
| BAT | Best Available Technology |
| CCIRS | Cross Currency Interest Rate Swaps |
| CGU | Cash Generating Unite |
| EBIT | Earnings Before Interest and Taxes |
| EBITDA | Earnings Before Interest, Taxes, Depreciation and Amortization |
| EPS 550 | The criterion of carbon dioxide emission per unit of electricity produced introduced as part of the so-called Winter Package, conditioning the participation of generating units in the capacity market – the limit is 550 gCO2/kWh. |
| ENESTA | ENESTA sp. z o.o under restructuring |
| EUA | European Union Allowances |
| EWB2, EWB3 | Elektrownia Wiatrowa Baltica–2 sp. z o.o., Elektrownia Wiatrowa Baltica–3 sp. z o.o. |
| MPLF | Mining Plant Liquidation Fund |
| PDP Fund, PDPF | Price Difference Payment Fund |
| GDOŚ | General Directorate of Environmental Protection |
| PGE Capital Group, PGE Group, Group, PGE CG | The Capital Group of PGE Polska Grupa Energetyczna S.A. |
| WCCH | Warsaw Commodity Clearing House |
| IRS | Interest Rate Swaps |
| PPA | Power Purchase Agreements |
| IFRIC | International Financial Reporting Interpretations Committee |
| KOGENARACJA S.A. | Zespół Elektrociepłowni Wrocławskich KOGENARACJA S.A. |
| MFW Baltica 2 | Offshore Wind Farm Baltica 2 |
| MCE | Ministry of Climate and Environment |
| IFRS | International Financial Reporting Standards |
| EU IFRS | International Financial Reporting Standards as adopted by the European Union |
| NESA | National Energy Security Agency |
| NEPWMF | National Environmental Protection and Water Management Fund |
| IP | Investment property |
| SAC | Supreme Administrative Court |
| TSO | Transmission System Operator |
| RTUA | Rights to use assets |
| PEC Bogatynia | Przedsiębiorstwo Energetyki Cieplnej S.A. in Bogatynia |
| PGE S.A., Spółka, jednostka dominująca PGE | Polska Grupa Energetyczna S.A |
| PGE EC S.A. | PGE Energia Cieplna S.A. |
| PGE EKH sp. z o.o. | PGE Energetyka Kolejowa Holding sp. z o.o. |
| PGE EO S.A. | PGE Energia Odnawialna S.A. |
| PGE GiEK S.A. | PGE Górnictwo i Energetyka Konwencjonalna S.A. |
| PGE GIEK S.A. o/ELT | PGE Górnictwo i Energetyka Konwencjonalna S.A. Turów Power Plant Branch |
| RPUL | Right of perpetual usufruct of land |
| PPE | Property, plant and equipment |
| Financial statements, consolidated financial statements | Consolidated financial statements of the PGE Capital Group |
| TGE | Towarowa Giełda Energii S.A. |
| ERO | Energy Regulatory Office |
| The Households Act | The Act on special solutions to protect electricity consumers in 2023 in connection with the situation on the electricity market of 7 October 2022 (Journal of Laws 2023.269 of 9 February 2023) |
| The Extraordinary Measures in 2023 Act | The Act on extraordinary measures to reduce electricity prices and support certain consumers in 2023 of 27 October 2022 (Journal of Laws 2022.2243 of 3 November 2022) |
| WACC | Weighted Average Cost of Capital |
| WFOŚiGW | Wojewódzki Fundusz Ochrony Środowiska i GoProvincial Environmental Protection and Water Management Fund |
| WN | Intangible assets |
| WSA | Provincial Administrative Court |
| ZFŚS | Company Social Benefits Fund |