Operator

Ladies and gentlemen, welcome to the press conference of the TAURON Group, where we will present the financial results for the first quarter of 2026. My name is [indiscernible] and I am the representative of TAURON. I will moderate the meeting. The first part will present the financial results and the second part will be your questions, answering your questions that you ask through our forum on our website. Now I will introduce our participants, Mr. Krzysztof Zawadzki, the Vice President of the Management Board for Trade; Mr. Krzysztof Surma, Vice President of the Management Board for Finance; and Mateusz Lewandowski, Executive Director for Investments in TAURON Polska Energia S.A. Please proceed with the presentation of the results.

Krzysztof Zawadzki
Vice President of Management Board

Good morning. We are starting traditionally with the situation in the energy sector, several pieces of information in the current quarter. The increase of daily amplitudes increase. We can say that the highest price from January till today, 2,000 -- more than 2,000 and the lowest 1,300. We can see the discrepancy is increasing and it becomes the characteristic feature of our sector. We also noted increase of installed power in the photovoltaic, it is 25.7 gigawatts and the increase -- we don't yet have the information on the end of March, but we expect the increase. We noted a slight decrease of the hours, but we expect the yearly increase in hours. Last year, we had 362 negative hours. So this year, I think it will be more than 400. We also noted the decrease of the coal prices. And on the other hand, the increase of the power energy