Próba oceny procesu konsolidacji sektora dystrybucji paliwa gazowego w Polsce na przykładzie grupy kapitałowej polskiego górnictwa naftowego i gazownictwa S.A.
An attempt to assess the process of consolidation of the distribution of gas in poland on the example of the pgnig group PLC.
Author(s): Adam WęgrzynSubject(s): Economy
Published by: Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
Keywords: consolidation companies; gas transmission industry; the assessment of the integration process; EVA; ROE; long-term regulatory model
Summary/Abstract: Many of the Polish economy consolidation processes, forced by progressive liberalization of the market, constitute an interesting area of research. The aim of this paper is to assess the validity of the decision on consolidation, the effectiveness of the process of consolidation of the transmission of gas within the Polish and Gas Company Holding, as well as the economic impact of the consolidation of six regional transmission operators for the newly formed gas transmission operator in Poland, which has been since July 1st, 2013 the Polish Gas Company. The decision to start the process of consolidation is negative in authors’ opinion. Led to the undermining of the possibility of an agreement which carried the tariff between the Energy Regulatory Office and transmission companies in the form of Long Term Regulatory Model. It was to ensure each company a steady increase in regulated revenues for 2015, which directly translate into ensuring stable development. Consolidation has led to one of the largest in Europe, in terms of carrier concentration, transmission of gas. This article is an attempt at an objective assessment of current activities in the process of consolidation of the transmission of gas.
Journal: Zarządzanie Finansami i Rachunkowość
- Issue Year: 3/2015
- Issue No: 1
- Page Range: 89-101
- Page Count: 13
- Language: Polish