MICHAL GLOWACKI

(77) As long as only certain years are simulated within the Mid-term Adequacy Forecast (MAF) modelling exercise (for instance, only the years 2020 and 2025 in the MAF 2017 exercise), PSE will use the last publicly available MAF exercis... e and pick the closest simulated year that is not later than the delivery year. For instance, if at the time of the main auction for the 2024 delivery year (i.e. in 2019) there are only MAF simulations for 2022 and 2027, then PSE will take the 2022 simulation as a basis for its 2024 de-rating calculation... (79) The Polish authorities have committed to assuming at least the above 2020 NTC values in all future de-rating calculations based on MAF.

Also known as: Climate Change