April 28 this year the Sejm received a government bill to amend certain acts regarding protection measures in connection with the spread of the SARS-CoV-2 virus. On the same day, the draft was sent to the first reading during the sitting of the Sejm.
The first reading took place on April 29 this year. then the project was sent to the Public Finance Committee. On the same day, a report on the work carried out appeared.
April 30 this year during the sitting of the parliament a second reading took place. In accordance with the decision published on the Sejm website, the draft was re-submitted to the Public Finance Committee in order to present the report.
Then the third reading took place during the sitting of the Sejm. Work on the bill has not yet been completed, and the project itself has been submitted to the Senate.
May 4 this year the act was forwarded to the President.
May 14 this year the position of the Senate was announced in connection with the Government bill amending some acts in the field of protection activities in connection with the spread of the SARS-CoV-2 virus. On the same day, the project was sent to the Public Finance Committee, despite the publication of a report on the work of the Commission, work on the Act is not yet completed.
May 15 this year The act was forwarded to the President for signature.
Addition of the proposed provision (Article 31zzh) regarding the presentation of non-cash collateral by members of the Warsaw Commodity Clearing House. aims to ensure the proper functioning of the critical sector, which is the energy industry, ensure continuity of electricity supply and the functioning of the area of settlements with end consumers.
Due to the current situation caused by the spread on an unprecedented scale of the contagious disease COVID-19, caused by the SARS-CoV-2 virus, economic entities that significantly reduced their activity or decided to suspend it, cause a large decrease in electricity demand.
The proposed solutions allow to limit the scope of security in cash, including:
- Raising the limit for possible to present certificates of origin confirming the production of energy from renewable energy sources (without the reduction factor and limits at the level of a given chamber member and the whole chamber);
- Abolition of the reduction coefficient for non-cash collateral in the form of emission allowances (EUA) and abolition of limits at the level of a given chamber member and the entire chamber;
- Introducing the possibility of presenting, as non-monetary security, sureties for the parent company;
- Exemption from the obligation to provide financial security for some of the deposits required if an appropriate investment rating is demonstrated.
Proposed changes to the form of acceptance of non-cash collateral lodged by members of the Commodity Clearing House. they do not have a negative impact on the Treasury and do not require any funds on its side. These proposals were consulted with the Polish Financial Supervision Authority, the Commodity Clearing House S.A., the Polish Power Exchange and the Association of Energy Sellers – the largest energy seller in Poland.