Conditions of the environment determining the choice of TAURON Group’s strategy
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The operations of energy companies are affected by a number of factors that have an impact on the choice of the adequate strategy. In addition to the fundamental aspects, such as regulatory, economic, social and technological factors, the environmental and climate issues as well as the political situation are playing a key role now.
There has been a significant acceleration of legislative work at the European level, aimed at developing specific actions to enable the economy of the European Union to be based on low- and zero-emission sources. Russia’s aggression has further strengthened the EU’s actions for climate and Europe’s energy independence. These activities have a significant impact on the domestic electricity market, accelerating the sector’s transition. The above has a direct impact on TAURON Group and its strategic decisions.
In June 2022, TAURON announced a new TAURON Group Strategy for the years 2022-2030 with an outlook until 2050, which addresses the challenges posed by the transition of the electric power industry. In the process of developing the Strategy, a thorough analysis of the macroeconomic, market and regulatory environment, as well as the sector’s forecasts and development directions, was carried out, translating them into opportunities and risks for TAURON Group in the time frame up to 2030
The Group’s new Strategy assumes energy transition, increasing the capacity of renewable sources in the generation portfolio and, in the long term, striving for climate neutrality. The strategy sets strategic goals, in the short, medium and long term, that constitute a response to the climate and environmental challenges, market changes and customer expectations.