PGE Q2 Results Improve; Middle East Conflict Raises Gas Costs, Coal Cheaper

PGE's preliminary Q2 results show year-on-year improvement, but the key shift is in production costs: coal power has become cheaper while gas has become more expensive, attributed to the Middle East conflict's impact on energy markets. This divergence signals a competitive advantage for coal-fired generation in Poland, though the sustainability depends on conflict duration and gas supply dynamics.