3 Our company
As a transmission system operator, we play a key role in the Polish economy.
We are aware of our impact on the environment. We feel responsible for future generations.
We are implementing a new business strategy to develop our business in an integrated way.
Description of the electricity sector
Ensuring common access to electricity requires an efficiently operating system for its generation, transmission and distribution. All equipment connected to it, including consumer facilities, form the Polish Power System.
Electric energy supplied to our homes is generated mainly in power plants and combined heat and power (CHP) plants. In Poland, the basic energy generating sources are thermal power plants in which energy is generated as a result of combustion – usually by burning hard coal or lignite. The largest cluster of those plants is situated in the southern part of the country. In large cities, CHP plants operate which are mostly fired with coal, but also natural gas. Renewable energy sources (RES) are also developing: wind, hydro, biomass and photovoltaic.
Energy transmission from power plants to consumers is possible over an extensive network of power lines and electrical substations. Different voltage levels are used to optimise costs, depending on the distance over which electricity is transmitted.
The following voltage standards are adopted in Poland for electricity transmission
The Polish power system is interconnected with the systems of neighbouring countries by cross-border lines. Currently almost all systems of Continental Europe are interconnected. They form the world's largest synchronous system.
This allows many measurable benefits to be achieved, such as:
- mutually profitable international commercial exchange,
- reduction of the required power reserve in the system,
- ability to use assistance in emergency situations.
Learn the process of electricity transmission from its generation to delivery to the consumer
- Power plants produce energy, supplying it mostly to the transmission network (400 and 220 kV) or the distribution network (110kV).
- EHV (extra-high voltage) transmission lines – 220 and 400 kV – carry energy to EHV/HV (extra-high voltage/ high-voltage) substations where voltage is transformed to 110 kV.
- HV (high-voltage) lines – 110 kV – carry energy over distances not exceeding several dozens of kilometres to HV/MV (high-voltage/medium-voltage) substations.
- MV (medium-voltage) lines – 6, 10, 15, 20 or 30 kV – carry energy to MV/LV (medium-voltage/low-voltage) substations.
- LV (low-voltage) lines – 230/400 V – carry energy to end consumers, e.g. households.
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Generating sources
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Power plant and MV/EHV substation
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EHV transmission lines – PSE
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EHV/HV transformer substation
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HV line
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HV/MV transformer substation
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Pole-mounted transformer substation MV/LV
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LV line
PSE as a transmission system operator
Electric power transmission systems are territorially extensive and technologically complicated engineering systems which require the presence of a central operator.
GRI 102-6
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GRI 102-4
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GRI 103
Within the territory of Poland, PSE is the only transmission system operator (TSO), designated by the President of the Energy Regulatory Office (ERO) to serve this function. We provide electricity transmission and power system access services while maintaining the required criteria for the operational security of the Polish power system (PPS).
Operating rules of the transmission system operator in Poland
Our core duties are prescribed by the Energy Law and regulations issued under it by the minister in charge of energy. They define both our tasks and the way of financing them, and the applicable technical standards and dependability criteria. The costs of the tasks we perform are regulated costs. They are covered by transmission charges paid by users of the transmission system in accordance with a tariff approved by the President of ERO.
As an operator, we perform our tasks using technical facilities of transmission-connected parties – they are required to provide access to them under the applicable laws or relevant civil-law agreements.
PSE's tasks as a Transmission System Operator
GRI 102-2 Tasks performed by PSE as transmission system operator can be classified into four basic groups
Tasks related to the quality and current security of supply
The regulatory framework applicable to the transmission system operator defines the technical standards for the transmission system operation and technical measures that should be available to it to meet the requirements in this area.
Presented below are the main tasks we perform in this area.
Tasks related to the adequacy of the national transmission network
As transmission system operator, PSE is responsible for the expansion and maintenance of the national transmission grid and its interconnections with the neighbouring countries' systems. To ensure network adequacy, PSE performs the tasks mentioned below.

Tasks related to the operation of the national electricity market
Due to the special nature of electricity as a product, there must be a central balancing mechanism as well as party responsible for balancing. The mechanism is to ensure the commercial balancing of electricity market participants in real time and settlement of balancing energy. In Poland, this role is played by the balancing market mechanism through which current balancing of energy market participants is performed on the basis of bids submitted by parties actively participating in the market. It has a very strong impact on other segments of the energy market as well as decisions on how generating resources should be used.
The balancing market operation rules should ensure:
- equal treatment of all participants,
- transparency of the calculation of clearing prices,
- the possibility of consumer participation (consumption reduction bids),
- creation of price signals conducive to the improvement of the operational performance of the entire sector.
International cooperation tasks
We are a member of the European Network of Transmission System Operators for Electricity - (ENTSO-E). ENTSO-E groups together 43 transmission system operators from 36 countries.
The organisation has been in existence since December 2008, and since 3 March 2011 it has been operating under Regulation (EC) No 714/2009 of the European Parliament and of the Council of 13 July 2009 on conditions for access to the network for cross-border exchanges in electricity and repealing Regulation (EC) No 1228/2003.
What is the purpose of the organisation? The task of ENTSO-E is to promote reliable operation, optimal management and sustainable development of the pan-European electric power transmission system to ensure the security of supply and satisfy the needs of the internal energy market.
More than 60 employees of PSE are engaged in the work of ENTSO-E, actively participating at different organisation levels in all key tasks including, among other things, the process of preparing European network codes, issued as regulations of the European Commission, and guidelines. Network codes are specific tools for the implementation of the single electricity market in the EU. They lay down common rules for the operation and management of power systems and are aimed to eliminate technical barriers for further integration of the market.

Description of European regulations and their impact on the operation of the Polish electricity market and PSE's activities
Presented below are the key legislative acts of the European Union implemented into national legislation, which influence the activities of the TSO
The key EU regulations directly applicable in Poland, which influence the TSO's activities
Commission regulations establishing guidelines and network codes, which are tools for the implementation of the single electricity market in the EU, are an important part of the EU regulatory framework affecting the operation of the Polish power system and the TSO's activities. They lay down common rules for the operation and management of power systems and are aimed to eliminate technical barriers for further integration of the European electricity market.
List of regulations published by the Commission
How we operate
Network infrastructure
Services
*Data refer to the year 2016.
Financial results
2016 financial data (in PLN '000s) | |
---|---|
EBIT (operating profit) |
648 077 |
Depreciation |
611 980 |
EBITDA |
1 260 057 |
Liabilities and provisions for liabilities |
4 821 550 |
Total assets |
18 465 609 |
Debt ratio |
0,26 |
Net profit |
568 379 |
Shareholders' equity |
13 644 059 |
ROE (%) |
4,17 |
PSE Capital Group
*Grupę Kapitałową PSE tworzą Polskie Sieci Elektroenergetyczne S.A. – spółka dominująca.
The company has its field units in Bydgoszcz, Katowice, Poznań, Radom and Warsaw.
Economic performance
We implement our strategic objectives, continuously monitoring our performance and the achievement of key economic and financial indicators. Preparing mid-term projects that make it possible to assess the capability to finance the expenditure adopted in the Investment Plan, assuming full implementation of strategic objectives and operations.
Direct economic value generated taking into account income, operating costs, employee remuneration, subsidies and other investments for the community, undistributed profits, and payments to capital owners and state institutions |
Values (in PLN) | |
---|---|---|
2016 |
2015 | |
Net sales |
8 144 476 446 |
7 623 542 968 |
Other operating income |
57 670 908 |
91 283 530 |
Financial income |
61 670 693 |
60 852 653 |
Extraordinary profits |
0 |
0 |
Income (all income and profits included in the financial statements) |
8 263 818 047 |
7 775 679 151 |
Operating costs |
7 366 224 742 |
6 812 160 875 |
Other operating costs |
187 845 518 |
30 352 233 |
Financial costs |
4 079 601 |
785 681 |
Operating costs, including: |
7 558 149 861 |
6 843 298 789 |
Payroll, social security and other benefits |
335 856 288 |
318 203 336 |
Taxes and charges |
242 732 246 |
236 401 426 |
Investment in communities* |
61 182 |
93 000 |
Interest expense |
477 894 |
341 253 |
Operating costs (taking into account the exclusions shown above) |
6 979 022 251 |
6 288 259 774 |
Payroll, social security and other benefits |
335 856 288 |
318 203 336 |
Dividend |
0 |
0 |
Payments to investors |
0 |
0 |
Taxes and charges |
242 732 246 |
236 401 426 |
Income tax, current part |
160 669 928 |
196 677 905 |
Profit payment |
81 793 617 |
110 372 274 |
Payments to the state |
485 195 791 |
543 451 605 |
Investment in communities* |
61 182 |
93 000 |
Retained value |
463 682 535 |
625 671 436 |
*We carry on a regulated activity, generating our core income from the transmission tariff approved by the President of ERO. In practice, this means that we have limited capabilities to develop social engagement programmes, in particular by making donations to public benefit organisations and other organisations, which influences the scale of investment in communities.
Membership of organisations
The position of PSE and the responsibility lying on our company oblige us to share our knowledge and experience. Our experts' opinions provide substantive support to legislative initiatives and the law-making process, as well as to industry projects and scientific conferences. The platform for cooperation and opinion exchange are national and international organisations and associations.
Building an internal electricity energy market, PSE undertakes a range of activities in the European market – including as a member of the European Network of Transmission System Operators for Electricity (ENTSO-E).
Governing bodies of ENTSO-E
Learn about international and national industry and CRS organisations of which PSE is a member
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