ACCOUNTING RULES
CO2 emission allowances for captive use
Carbon dioxide emission allowances intended for captive use by generating units are recognised under a separate line in the statement of financial position. EUAs received free of charge are presented in the statement of financial position at nominal value, i.e. at zero. Purchased EUAs are recognised at purchase price. Outgoing CO2 allowances purchased for own use are valued using the specific identification method.
Pursuant to the provisions of the Regulation of the Council of Ministers of 8 April 2014 on the list of electricity generating installations covered by the greenhouse gas emission allowance trading scheme, installations belonging to PGE Group are not entitled to the allocation of free emission allowances from 2020. Only EUAs for CO2 emissions related to the production of heat (1 million EUAs) will be allocated.
| EUA | At December 31, 2021 | At December 31, 2020 | ||
|---|---|---|---|---|
| Non-current | Current | Non-current | Current | |
| Quantity (Mg million) | 2 | 41 | 1 | 20 |
| Value (PLN million) | 797 | 4,106 | 39 | 1,735 |
| EUA | Quantity (Mg million) | Value (PLN million) |
|---|---|---|
| AT JANUARY 1, 2020 | 21 | 1,205 |
| Purchase/sale | 48 | 3,983 |
| Granted free of charge | 13 | – |
| Redemption | (61) | (3,414) |
| AT DECEMBER 31, 2020 | 21 | 1,774 |
| Purchase/sale | 80 | 9,447 |
| Granted free of charge | 1 | – |
| Redemption | (59) | (6,318) |
| AT DECEMBER 31, 2021 | 43 | 4,903 |