No economic grounds for Polish energy companies' coal-asset spinoff, minister says

Polish State Assets Minister Jakub Jaworowski said on Wednesday a government analysis showed no economic grounds for a coal-asset spinoff from utilities and that a support mechanism for coal plants was needed at the European Union level beyond 2028.

The economic assumptions for the previous coal asset plan were based on power prices from 2022 which were elevated due to the war in Ukraine. Meanwhile, power prices have more than halved and the share of renewable power keeps rising, the ministry said in a press release.