The Generation segment’s operating profit for 2015 was PLN 367m, up PLN 205m year on year. EBITDA was PLN 679m, an improvement of 47% year on year. Key factors that contributed to the improved segment performance included: (1) higher revenue from sales of heat, resulting mainly from a higher heat tariff (an increase on average of 7% in August 2014 and 5% in August 2015) and (2) lower procurement costs of coal, the segment’s main fuel for heat production (the average price of coal in Q1−Q3 2015 was 6% lower than in the same period of the previous year).
