Polish Electricity Association files proposal to exempt coal-fired plants from CO2 tax, utilities up

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** Poland's energy index GPW:GPW is up as much as 3.9% on Tuesday, the highest since July 2015, following Polish Electricity Association's (PKEE) proposal to exempt old coal-fired plants from CO2-related payments** The proposal, which was submitted to the Ministry of Climate, would exempt old coal-fired plants operating up to 300 hours per year from the obligation to account for CO2 emissions in the EU's ETS (Emissions Trading System) ** According to Ipopema analyst, Robert Maj, it's a positive signal for the industry** "If that were to be implemented, it would certainly give the oldest power plants a break and improve their profitability. It also shows that further regulatory relief for coal energy is possible," said Maj** At 10.56 GMT WIG Energy was up 4%, with utility companies such as PGE topping the blue chip index GPW:GPW at 5.5% and Tauron Polska Energia at the top of mid-cap index (.mWIG40), rising 4.9%

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