Risk register and selected risks at the end of 2020
The risk register includes risks that are most important from the PSE's point of view, and are key for the NPS functioning. According to the adopted methodology, the causes and effects are defined for each risk identified, and the frequency of risk materialization and its measure are estimated. In relation to the cause, which is understood as a specific event or circumstance whose occurrence may lead to the risk materialization, the frequency of occurrence and conditional probability of the risk materialization of risk after the occurrence of the cause (susceptibility) are determined. The effects are understood as all negative and positive consequences of the risk materialization. They are presented in 5 dimensions as follows:
- financial and material,
- related to the NPS operational continuity and quality,
- related to image and law,
- related to impact on health and life,
- related to environmental impact.
The Company does not identify social and environmental risks – it only identifies the risks that may affect the social environment and the natural environment. This type of impact can manifest itself through identification of, for example, health and life impacts, environmental impacts, or image and law-related impacts.
Below is a summary of selected risks identified in 2020, including their impact on the social environment and the natural environment.
The approach to the management of all basic risks inherent in the activities of a transmission system operator, as implemented by PSE, primarily includes activities or solutions provided for in the Transmission Network Code (TNC) and the Guidelines for Electricity Transmission System Operation (
). This approach is common to those risks identified below that involve any disruption to the transmission network. It includes all the master processes of the TSO, including, among others, processes of the transmission network development planning, operation planning and coordination (including cross-border exchange), network asset maintenance management, providing access to platforms and market mechanisms, with time horizons ranging from many years to real time.