{"id":433,"date":"2019-01-18T12:42:48","date_gmt":"2019-01-18T11:42:48","guid":{"rendered":"http:\/\/pmr-restrukturyzacje.local\/pmr\/czeka-nas-fala-upadlosci-przez-prad-w-2019-roku\/"},"modified":"2019-01-18T12:42:48","modified_gmt":"2019-01-18T11:42:48","slug":"we-are-facing-a-wave-of-bankruptcies-due-to-electricity-in-2019","status":"publish","type":"post","link":"https:\/\/pmrsa.pl\/en\/we-are-facing-a-wave-of-bankruptcies-due-to-electricity-in-2019\/","title":{"rendered":"Are we facing a wave of bankruptcies through electricity in 2019?"},"content":{"rendered":"

Business conditions for Polish companies are deteriorating, alert analysts at PMR Restructuring SA, a company that saves companies from bankruptcy on a daily basis. The accumulation of negative market and fiscal factors, difficulties in finding employees and rising employment costs, a drastic reduction in profitability and profit margins... All this increases the risk of bankruptcy. Inevitable increases in electricity prices are a problem that will affect all companies, not only those in the energy and energy-intensive sectors, the specialists add.<\/p>\n

Electricity prices are rising steadily across the European Union. This is primarily due to rising fuel costs and prices<\/a> CO2 emission allowances. Additionally, as a result of the entry into force of the MIFID II directive \u2013 which recognises CO2 emission allowances as financial instruments \u2013 financial institutions have also started trading them, which may have an impact on their even higher price.<\/p>\n

It's not just a Polish problem<\/b><\/p>\n

Looking at other European Union countries, we can see that electricity price increases are common. In Great Britain, in 2018, electricity suppliers increased electricity prices as many as 57 times, which translated into an additional direct burden on households in the amount of 840 million pounds. For comparison, in 2017, there were only 15 such increases. Interestingly, the highest increases were carried out by smaller suppliers outside the so-called Big Six, six the largest companies<\/a> electricity traders \u2013 ranged between 16.7 and 38.3 percent. The largest suppliers limited themselves to increases of several percent \u2013 from 6.7 to 9.3 percent. The increases were introduced earlier and gradually, in order to meet the special price limit for households imposed by OFGEM (Office of Gas and Electricity Markets), the energy market regulator in Great Britain.<\/p>\n

Energy price increases in Poland<\/a>, regardless of the final solutions limiting their impact on recipients, undoubtedly reduce the profitability of enterprises. The most vulnerable to problems are energy-intensive industries, chemical companies, industry, etc., but the price increase will also affect ordinary small entrepreneurs, shopkeepers, small food producers, service providers. Consumption and investment will also decrease, which will indirectly affect everyone.<\/p>\n

\n\u2013 Significant increases in electricity prices are another serious business risk factor \u2013 emphasizes Ma\u0142gorzata Anisimowicz, president PMR Restructuring<\/a> SA.\n<\/div>\n
\n- If only that were the only problem Polish enterprises<\/a>, its effects would be limited. However, in a situation where many industries such as trade, construction or transport operate on margins of several percent, have huge problems with recruiting employees, which is also associated with rising wage costs, and significant increases in electricity prices can cause crisis situations in companies, which often leads to bankruptcy - explains Ma\u0142gorzata Anisimowicz.\n<\/div>\n
\nThe material appeared in the Kurier Szczeci\u0144ski newspaper:
\n<\/b>
\n17 January 2019:
\n\" A wave of bankruptcies through electricity in 2019?<\/a>\n<\/div>","protected":false},"excerpt":{"rendered":"

Business conditions for Polish companies are deteriorating \u2013 warn analysts from PMR Restrukturyzacje SA, a company that normally saves companies from bankruptcy. The accumulation of negative market and fiscal factors, difficulties in finding employees and rising employment costs, drastic reductions in profitability and profit margins\u2026 All this increases the risk of bankruptcy. The inevitable increases in electricity prices are a problem that will affect all companies, not only those in the energy and energy-intensive sectors \u2013 add specialists. Electricity prices are systematically rising throughout the European Union. This is primarily due to the rising costs of fuels and the prices of CO2 emission allowances. Additionally, as a result of the entry into force of the MIFID II directive \u2013 recognizing CO2 emission allowances as financial instruments \u2013 financial institutions have also started trading them, which may have an impact on their even higher price. This is not just a Polish problem. Observing other European Union countries, we can see that electricity price increases are common. In the UK, electricity suppliers raised electricity prices 57 times in 2018, which resulted in an additional direct burden on households of \u00a3840 million. For comparison, in 2017 there were only 15 such increases. Interestingly, the largest increases were carried out by smaller suppliers outside the so-called Big Six, the six largest companies trading in electricity - they ranged between 16.7 and 38.3 percent. The largest suppliers limited themselves to increases of a few percent - from 6.7 to 9.3 percent. The increases were introduced earlier and gradually, in order to make it before the special price limit for households imposed by OFGEM (Office of Gas and Electricity Markets), the regulator of the energy market in the UK. Energy price increases in Poland, regardless of the final solutions limiting their impact on customers, undoubtedly reduce the profitability of companies. The biggest problems are faced by energy-intensive industries, chemical companies, industry, etc., but the price increase will also affect ordinary small entrepreneurs, shopkeepers, small food producers, service providers. Consumption and investments will also decrease, which will indirectly affect everyone. - Significant increases in electricity prices are another serious business risk factor - emphasizes Ma\u0142gorzata Anisimowicz, president of PMR Restrukturyzacje SA. - If this were the only problem of Polish enterprises, its effects would be limited. However, in a situation where many industries such as trade, construction or transport operate on margins of several percent, they have huge problems with recruiting employees, which is also associated with rising wage costs, and significant increases in electricity prices can cause crisis situations in enterprises, which often leads to bankruptcy - explains Ma\u0142gorzata Anisimowicz. The article was published in the Kurier Szczeci\u0144ski newspaper: on January 17, 2019: \u00bb A wave of bankruptcies due to electricity in 2019?<\/p>","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[19],"tags":[],"ppma_author":[30],"class_list":["post-433","post","type-post","status-publish","format-standard","hentry","category-blog"],"authors":[{"term_id":30,"user_id":12,"is_guest":0,"slug":"teampmr-restructuring-pl","display_name":"Zesp\u00f3\u0142 PMR","avatar_url":{"url":"https:\/\/pmrsa.pl\/wp-content\/uploads\/2024\/10\/logo2-e1729926426335.png","url2x":"https:\/\/pmrsa.pl\/wp-content\/uploads\/2024\/10\/logo2-e1729926426335.png"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/posts\/433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/comments?post=433"}],"version-history":[{"count":0,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/posts\/433\/revisions"}],"wp:attachment":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/media?parent=433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/categories?post=433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/tags?post=433"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/ppma_author?post=433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}