In Poland, People Are Lining Up For Days To Stock Up On Coal For The Winter

Dozens of cars and trucks are lining up at the Lubelski Wegiel Bogdanka coal mine in Poland, many of them waiting for days and nights, to stock up on heating fuel ahead of winter. 

3.8 million households in Poland use coal for heating. These households, like many of Europe’s, are facing shortages and price hikes, following the country’s ban on Russian coal in April after Moscow’s unprovoked invasion of Ukraine in late February. 

The Central European country produces more than 50 million tons of coal from its own mines yearly, and typically sells mostly to powerplants. Its households generally rely on imported coal, much of it from Russia, because of the lower prices and because the quality is more suitable for home use.

Last year, 8 million of the 12 million tons imported from Russia were used by households and small heating plants.

Unlike the European Union’s Russian coal embargo which took effect in August, Poland’s ban went into immediate effect, resulting in shortages.

Back in July, Poland ordered two state-controlled companies to buy 4.5 million tons of the fuel from other, faraway producers in South Africa, Indonesia, and Colombia to supply households. In August, the government introduced a subsidy scheme that allows each household to apply for one-time assistance worth 3,000 zlotys (US$634) to help pay for coal after it failed to cap retail prices.

Via Financial Times

Information for this briefing was found via Financial Times, Reuters, and the sources and companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Back to the Cariboo: Gold Rush History Meets Modern Discovery | Golden Caribou

Gold Prices Are High, Experience Matters | Rob McLeod

Silver Is a Wild Animal, Gold Heads for $6,000 in 2026 | Craig Hemke

Recommended

Canadian Copper Plans 2,500 Metre Drill Program For 2026

Mercado Receives Permits For Planned 3,000 Metre Drill Program At Copalito

Related News

Fundamentals of Thermal Coal, Generally a Hated Commodity, Continue to Look Positive

The fundamentals for one of the world’s most scorned commodities, thermal coal, continue to improve,...

Monday, April 25, 2022, 03:35:00 PM

China Faces Widespread Electricity Blackouts as Surging Coal Costs Create Supply Shortages

Just as we thought things couldn’t get worse for the world’s second largest economy— along...

Tuesday, September 28, 2021, 02:37:00 PM

Impending U.S. Supreme Court Ruling Could Affect Coal Industry — and Even the Electric Vehicle Industry

One of the most consequential environmental court cases in years is ripe for a decision...

Saturday, April 16, 2022, 09:00:00 AM

Over Half Of German Households Are Running Out Of Money To Save

Germany’s rising inflation rate is pushing a majority of German households to lose their ability...

Tuesday, August 23, 2022, 02:38:00 PM

Teachers’ Union Voted To Divest US$255 Billion Of Retirement Fund Away From Coal, Oil & Gas As Energy Prices Soar

As energy prices continue to soar, some energy companies are expected to feel the symbolic...

Thursday, July 21, 2022, 04:29:00 PM