Is cogeneration the future of the energy sector?
A heated debate has been ongoing in recent years about the role of energy in the development of the chemical sector and the interdependence of those two branches of the economy. The rising public awareness of those issues is a reason to be glad. Also, some new developments might help make both businesses more competitive.
Freeing up the natural gas market
Natural gas is one of the key resources for the chemical sector, which makes it even more necessary to diversify its sourcing. Grupa Azoty PUŁAWY is well aware of this and it has therefore decided to purchase gas from a number of suppliers, including PGNiG, RWE Polska, Vattenfall and Statoil. The liberalization of the natural gas market is also becoming a hot topic. It could help to bring the prices of the resource down and increase the energy supply security of the chemical sector and the economy as a whole.
The role of legal regulations
Legal regulations play an essential role in energy sector, and this includes the national law and the EU legislation. International climate packages, which determine such factors as CO2 emissions, have a decisive impact on energy projects based on particular kinds of fuel and resources. In the context of national legislation in Poland, it is worthwhile to mention the impact of legal regulations on the profitability of particular solutions, such as renewable energy sources.
Good perspectives for the energy sector
Taking the market factors, resources and legal context into consideration, energy generation based on cogeneration and power engineering appears to be the obvious choice. Those solutions could yield substantial cost reductions, thanks to connecting the production process of electricity and heat, and at the same time boost the efficiency of the solutions adopted. The security issue is also of importance, and cogeneration is likely to provide a more satisfactory level of security.