Opportunities and threats Strategy and growth prospects

2020 was the year of the continuation of the implementation of TAURON Group’s Strategy for the years 2016-2025 (Strategy), that had been adopted by the Management Board of TAURON and received a positive opinion of the Company’s Supervisory Board on September 2, 2016. Since the date of adopting the Strategy some of its assumptions have changed, first of all the regulations that have a material impact on TAURON Capital Group’s operations have become more specific and detailed, among others, the act on the capacity market, the act on promoting high efficiency cogeneration electricity, the energy law act, the act on electromobility, and the regulations related to quality requirements for solid fuels.

In view of the above, on May 27, 2019, the Company’s Management Board adopted, and the Company’s Supervisory Board issued a positive opinion on the Update of the Strategic Directions in TAURON Group’s Strategy for the years 2016 -2025, which complemented the Strategy.

The Update of the Strategic Directions takes into account the impact of the above-mentioned documents and the key regulatory changes on TAURON Capital Group and assumes the so-called Green Turn of TAURON, i.e. a sustainable transition of TAURON Capital Group towards becoming the leading low emission energy group in Poland that will mainly focus on changing the energy mix of TAURON Capital Group by shutting down obsolete coal fired units and developing low and zero emission sources.

Currently, work is underway on the TAURON Capital Group’s new Strategy, taking into account the recent regulatory changes and the prospects for the power sector in Poland.