Potentially being left without electricity is a greater concern for investors than a lack of workers.
When the wind stopped blowing recently in Poland, many companies were left without any power. Luckily, no households were affected, but due to the power shortages, power prices jumped by several dozen percent.
Not all entities responded to requests from Poland’s transmission system operator (PSE) for additional capacity or to limit consumption. Germany and Sweden did ultimately come through with exports, as well as Ukraine, which needed to dump some of its excess energy, writes Poland’s Business Insider.
The fact that Ukraine sent electricity to Poland is ironic, as KO MP Paweł Kowal recently told listeners on Radio Zet that Poland has to sell “cheap electricity” from its coal-fired power plants minus any Emissions Trading Scheme (ETS) costs.