Biomass
Solid or liquid substances of plant or animal origin, which are biodegradable, derived from products, waste and residues from agricultural and forestry production as well as from the industries the process the sectors’ products, or part of the remaining waste that is biodegradable. At EC Wrocław, boiler K-1 is adapted to combust dry biomass (moisture content of 13%) in the form of pellets. At EC Czechnica, boiler K-2 is adapted to combust wet biomass (moisture content from 30 to 50%) in the form of chips.
Capex
Capital Expenditures.
CER
Certified Emission Reduction – unit representing one tonne of carbon dioxide-equivalent, sequestered or abated, stemming from the Clean Development Mechanism project.
District heat
Heat produced in the cogeneration process, used for central heating, hot water, ventilation and technological processes.
CO2
Carbon dioxide.
Cash pooling
A system of short-term financing whereby the demand for cash can be set off against cash surpluses of the companies belonging to the same group.
Certificates
Property rights resulting from certificates of origin for electricity generated in a method that is
eligible for support, the colour-coded certificates:
1) green certificates – certificates of electricity origin from renewable sources,
2) red certificates – certificates of electricity origin from cogeneration,
3) yellow – certificates of electricity origin from cogeneration, coming from gas-fired sources or
sources with a total installed capacity < 1 MW,
4) white – certificates of electricity origin resulting from energy efficiency.
CSR
Corporate Social Responsibility.
CUW
Shared Services Centre of PGE Energia Ciepła Group in Kraków.
DeSOx installation
Flue gas desulphurisation installation; see: IMOS.
DeNOx installation
Flue gas denitrification installation, see: SNCR.
Good Practice 2016
Good Practice for WSE Listed Companies 2016 (effective since 1 January 2016).
EC
Combined heat and power plant (CHP).
EUA
European Union Allowances – emission allowances as part of the European emissions trading system.
GJ
Gigajoule – million of kilojoules, a unit of work and energy corresponding to 277.8 kWh. In the energy sector, the unit is used to define the amount of heat produced and the amount of chemical energy of the fuel used.
WSE
Warsaw Stock Exchange, Giełda Papierów Wartościowych w Warszawie S.A. (GPW) headquartered in Warsaw.
Forced generation
Sales in the "on demand" system, i.e. generation of electricity required by the quality and reliability of the National Power System.
GWh
Gigawatt hour.
IMOS / IOS
Flue gas desulphurisation installation.
Investment III B.V.
Shareholder of the Company (until 30 January 2018, the company was regustered as EDF Investment III B.V.
PPA
Power Purchase Agreement (relates to the subsidiary EC Zielona Góra S.A.).
Cogeneration
Technological process of simultaneous generation of electricity and useful heat in a CHP plant.
KPRU III
National Plan of Distribution of CO2 Allowances for 2013-2020.
Ksh
Commercial Companies Code.
Mg
Megagram– million grams (1 000 000 g), i.e. a tonne.
IFRS
International Financial Reporting Standards.
MWe
Megawatt of power.
MWh
Megawatt hour.
MWt
Megawatt of heat power.
NFOŚiGW
National Fund for Environmental Protection and Water Management.
EGM
Extraordinary General Meeting.
PGE
PGE Polska Grupa Energetyczna S.A., ultimate Parent Company.
PGE Energia Ciepła S.A.
The Company's shareholder (previously EDF Polska S.A.).
PGE Ekoserwis
Subsidiary of PGE Energia Ciepła SA., dealing with management of by-products of combustion, providing comprehensive coal handling, ash removal and landfill management services, http://www.pgeekoserwis.pl/pl.
RESPECT Index
Stock exchange index that meets the ESG criteria.
toe
Tonne oil equivalent.
RES
Renewable Energy Sources.
SNCR
Flue gas denitrification installation.
Heat tariff
Tariff (price) approved by the President of the Energy Regulatory Office, a regulator for energy companies, which seeks to balance the interests of energy companies and energy buyers.
URE
Energy Regulatory Office.
Low sulphur coal
Hard coal (class M II A fine thermal coal) with sulphur content up to 0.6%.
Standard coal
Hard coal (class M II A fine thermal coal) with sulphur content above 0.6%.
WFOŚiGW
Provincial Fund for Environmental Protection and Water Management.
Settlements Manager
Zarządza Rozliczeń S.A., a company which since 2007 has been engaged in the aid programme provided for in the PPA Act of 29 June 2007.
ZIT
Integrated Territorial Investments.
