The scale and scope of our operations make our company also a significant payer of contributions, fees and taxes to the national and local governments. These funds go to both the central and local government budgets and are then used for projects and activities to improve the lives of Poles, e.g. investments in infrastructure, education or the safety of citizens.

The input-output model (Leontief model) was used to analyze the economic impact of PSE activities. By using it, the impact of PSE's activities was calculated in three categories:

• Generated added value
• Remuneration
• Employment

For each of the categories listed, the impact of PSE was shown in three dimensions:

• Direct effect – resulting from PSE's core business
• Indirect effect – generated among suppliers and entities from related industries
• Induced effect – further growth generated due to household revenue growth

In this year's report, similarly to the previous year, in addition to the impact of operations, the impact of capital expenditures (CAPEX) was calculated. Investment demand is the component of final demand in the economy that provides the momentum for global output. Using Leontief's model, input-output multipliers were calculated to show how an increase in final demand translates into an increase in global output.

Added value generated due to the PSE's operating and investment activities

Added value generated in the economy due to the PSE's operating activities in 2021
(in PLN billion)

Added value generated due to the operating activities:

• PLN 11.25 billion – total added value generated in the Polish economy in 2021 thanks to the PSE operations. For this amount, five combined cycle power plants, with a total capacity of over 2,815 MW, could be built².
• PLN 3.04 billion – direct added value generated by PSE in the power sector (generation and transmission of electricity).
• In the industries where PSE purchases equipment, materials and services, and in related industries, the company contributed to a total of more than PLN 6.38 billion in added value.
• The remuneration paid to PSE employees as well as the employees of suppliers and subcontractors throughout the supply chain created a demand stimulus and generated an additional induced added value of PLN 1.83 billion in 2021.

  ²The cost of designing and building a 563 MW combined cycle power plant in Grudziądz by Energa was used as a reference cost.

Added value generated in the economy due to the PSE's operating activities in 2021 (in PLN billion)

Compared year over year, the added value generated in the economy due to the PSE’s activities was higher by PLN 5.51 billion. This is an amount that could allow more than 80,400 applications to be granted maximum funding under the third part of the Clean Air Programme³.

Such a significant difference between 2020 and 2021 is the result of the launch of the capacity market, which also influenced the significantly higher results compared to 2020 for other indicators, as well.

³The maximum possible grant is PLN 69,000. In total, 80,449 applications could receive this funding. Data on the amount of funding based on: https://czystepowietrze.gov.pl/nowa-czesc-programu-czyste-powietrze-wsparcie-nawet-do-69-tys-zl/

Added value generated in the economy due to the PSE’s operating activities in 2020–2021 (in PLN billion)

Added value generated in the individual industries due to the PSE's operating activities in 2021
(in PLN thousand)

Value added generated by PSE's investment activities: 

• PLN 705.5 million – the total added value generated in the Polish economy in 2021 due to the PSE's investment activities related to the construction, extension and modernisation of substations and power lines. For this amount, one could buy 20 electric train sets⁴.

⁴The cost of the purchase of two train sets by the Pomeranian Voivodeship from Newag in 2022 was taken as the reference cost

Added value generated in the individual industries due to the PSE's investment activities in 2021 (in PLN thousand)

Remuneration generated due to the PSE's operating and investment activities:

• PLN 1.829 billion – total value of remuneration generated in the Polish economy in 2021 due to the PSE’s operating and investment activities. For this amount, more than 13,850 expert power line designers could be employed for a year⁵.

⁵Monthly remuneration of PLN 11,000 gross was assumed based on: https://www.bankier.pl/wiadomosc/Zarobki-w-branzy-energetycznej-8265018.html 

Remuneration generated in the economy due to the PSE's activities in 2021 (in PLN thousand)

In a year-over-year comparison, the remuneration generated in the economy due to the PSE's operating and investment activities was 100% higher.

Remuneration generated in the economy due to the PSE’s operating and investment activities
in 2020 and 2021 (in PLN thousand)

Remuneration generated due to the PSE's operating activities:

• PLN 1.694 billion – the total value of remuneration generated in the Polish economy in 2021 due to the PSE’a activities, is more than 4 times the budget allocated by the National Centre for Research and Development (NCBiR) under the second competition for projects in the field of solar power, use of waste and heat from spent process gases for energy generation purpose and geothermal energy under the programme "New energy technologies"⁶.
• More than 247.7 million in net remuneration at PSE in 2021.
• Thanks to purchases from suppliers and links across the economy between the individual branches, suppliers and sub-suppliers were able to pay their employees remuneration of over PLN 1.096 billion.
• The national economy saw further remuneration growth driven by increases in income and household consumption. These are induced generated wages. Their value in 2021 amounted to over PLN 349.8 million.
  
  

⁶The budget allocated by NCBiR for projects as part of the strategic programme “New Energy Technologies” is PLN 390 million. Data based on:  https://naukawpolsce.pl/aktualnosci/news%2C91606%2Cncbr-ponad-390-mln-zl-na-projekty-dotyczace-energetyki-odnawialnej-trafi-do 

Remuneration generated in the economy due to the PSE's operating activities in 2021(in PLN thousand)

Compared to 2020, remuneration generated in 2021 in the economy due to the PSE’s activities were higher by PLN 920,454 thousand. This is almost half of the budget planned by the City of Warsaw for 2022 for cleaning and environmental protection⁷

⁷The City of Warsaw's budget for cleaning and environmental protection is PLN 2 billion. Data based on: https://um.warszawa.pl/kierunki-wydatkow-2022

Remuneration generated in the economy due to the PSE’s operating activities in 2020–2021 (in PLN thousand)

Remuneration generated in the individual industries due to the PSE’s operating activities in 2021 (in PLN thousand)

Remuneration generated due to the PSE's investment activities:

• PLN 134.8 million – the total value of remuneration generated in the Polish economy in 2021 thanks to the investment activities of PSE in the scope of construction, extension and modernisation of substations and electrical power lines.

Remuneration generated in the individual industries due to the PSE’s investment activities in 2021 (in PLN thousand)

Number of jobs maintained due to the PSE's operating and investment activities:

• 39,395 jobs – the total number of jobs maintained in the Polish economy in 2021 due to the PSE's operating and investment activities.

Jobs maintained in the economy due to the PSE’s activities in 2021 (number of jobs)

Compared to 2020, the number of jobs maintained in 2021 in the economy due to the PSE’s operating and investment activities was higher by 119%.

Jobs maintained in the economy due to the PSE’s operating and investment activities
in 2020–2021 (number of jobs)

Number of jobs maintained due to the PSE's operating activities:

• 36,683 jobs – the total number of jobs maintained in the Polish economy in 2021 due to the PSE’s activities. This is twice as many people as the Widzew stadium in Łódź could hold⁸.
• In 2021, the average number of employees at PSE was 2,708.
• Through daily operations, projects and other tasks where PSE cooperates with many companies in various industries, we maintain 24,559 jobs in the individual industries.
• The induced effect of the PSE’s activities is 9,416 jobs in the overall economy.

⁸The stadium seats 18,018 people. Data based on: stadiony.net/stadiony/pol

Jobs maintained in the economy due to the PSE’s activities in 2020–2021 (number of jobs)

Compared to 2020, the number of jobs maintained in 2021 in the economy due to the PSE’s activities was higher by 21,262. This is more than the number of all undergraduate and graduate students at the Wrocław University of Science and Technology⁹

⁹There are 20,431 undergraduate and graduate students at the Wrocław University of Science and Technology. Data based on: https://pwr.edu.pl/uczelnia/informacje-ogolne/fakty-i-liczby 

Jobs maintained in the economy due to the PSE’s activities in 2020–2021 (number of jobs)

Jobs maintained in the individual industries due to the PSE's activities in 2021 (number of jobs)

Number of jobs maintained through PSE's investment activities:

• 2,712 jobs – the total number of jobs maintained in the Polish economy in 2021 due to the PSE's investment activities in the construction, extension and modernisation of substations and power lines.

Jobs maintained in the individual industries due to the PSE's investment activities in 2021
(number of jobs)

• PLN 1.081 billion – total amount of taxes, fees and social security premiums paid to the state budget, budgets of local government authorities and the Social Security Fund in 2021 by PSE. For this amount, more than 27,000 buildings of 100 m2could be thermally upgraded.¹⁰
• The total amount of taxes, fees and premiums was 85,584 million higher than in 2020. For this amount, almost 430 pocket parks could be designed and created.¹¹
• PLN 301.911 million – the sum of payments for income taxes (PIT and CIT) in 2021.
  
  

¹⁰The cost of thermal upgrade was assumed to be PLN 400 per square metre, based on: https://www.gridw.pl/naszym-zdaniem/271-warto-wykonac-termomodernizacje-domu-jednorodzinnego 
¹¹The cost of designing and creating one park was assumed at PLN 200,000; for an amount of 85,584 million, exactly 427 parks could be created. Data based on: https://bo.um.warszawa.pl/site/costs  

Breakdown of taxes, fees and premiums paid by PSE to the central budget in 2021 (in %)

This is the breakdown of all taxes paid by PSE to the state. The central budget receives 65.4% of the total amount of taxes, while local budgets receive 34.6%¹².

Compared to 2020, the taxes paid in 2021 to the central budget were higher by PLN 63.5 million, and the taxes paid to local budgets were higher by a total of PLN 21 million.

More than 65% of the taxes, fees, and premiums paid by PSE in 2021 are paid to the central budget. These were paid for the following taxes:

¹²The calculation takes into account the breakdown of CIT and PIT inflows between the central and local government budgets.

Breakdown of taxes, fees and premiums paid by PSE to the central budget in 2021 (in %)

The remaining 34.6% are premiums paid to local budgets, broken down as follows:

Breakdown of taxes, fees and premiums paid by PSE to local government authority budgets in 2021 (in %)

The largest local tax beneficiaries

In total, more than PLN 36,27 million reached the voivodship budgets from the taxes paid by PSE. This is almost 10 million more than in 2020. For this amount, 5 kWp photovoltaic panels can be installed on almost 400 buildings¹³.

Almost PLN 10.5 million has been paid into county budgets by PSE in 2021.

¹³The average cost of 5 kWp was assumed at 25,000, based on: https://lepiej.tauron.pl/zielona-energia/ile-kosztuje-fotowoltaika-koszt-instalacji-i-urzadzen/ 

The total payments made by PSE to the budgets of the 6 largest tax beneficiaries at the county level (%)

In 2021, PSE paid almost 327.5 million in taxes to municipal budgets. For this amount, more than 16 km of bike path could be built¹⁴

The largest part of this amount – 12% – went to the budget of the municipality of Konstancin-Jeziorna.

¹⁴Assumed cost of 1 km of bike path at PLN 2,000,000, based on: https://budzet.krakow.pl/207751,artykul,twoje_bo.html/247637,artykul,cennik_2021.html 

The total payments made by PSE to the budgets of the 6 largest tax beneficiaries at the municipality level (%)