<?xml version="1.0" encoding="utf-8"?>
<link:linkbase xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xml="http://www.w3.org/XML/1998/namespace" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xlink="http://www.w3.org/1999/xlink" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase">
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="PGEPolskaGrupaEnerge-2022-12-31.xsd#PGE_DlugoterminoweUprawnieniaDoEmisjiCo2NaWlasnePotrzeby" xlink:label="loc_1" />
    <link:loc xlink:type="locator" xlink:href="PGEPolskaGrupaEnerge-2022-12-31.xsd#PGE_KrotkoterminoweUprawnieniaDoEmisjiCo2NaWlasnePotrzeby" xlink:label="loc_2" />
    <link:loc xlink:type="locator" xlink:href="PGEPolskaGrupaEnerge-2022-12-31.xsd#PGE_KapitalZapasowy" xlink:label="loc_3" />
    <link:loc xlink:type="locator" xlink:href="PGEPolskaGrupaEnerge-2022-12-31.xsd#PGE_KapitalZWycenyInstrumentowFinansowych" xlink:label="loc_4" />
    <link:loc xlink:type="locator" xlink:href="PGEPolskaGrupaEnerge-2022-12-31.xsd#PGE_DlugoterminoweKredytyBankowePozyczkiObligacjeILeasing" xlink:label="loc_5" />
    <link:loc xlink:type="locator" xlink:href="PGEPolskaGrupaEnerge-2022-12-31.xsd#PGE_KrotkoterminoweKredytyBankowePozyczkiObligacjeILeasing" xlink:label="loc_6" />
    <link:loc xlink:type="locator" xlink:href="PGEPolskaGrupaEnerge-2022-12-31.xsd#PGE_OdsetkiIDywidendyNetto" xlink:label="loc_7" />
    <link:loc xlink:type="locator" xlink:href="PGEPolskaGrupaEnerge-2022-12-31.xsd#PGE_ZyskStrataNaDzialalnosciInwestycyjnej" xlink:label="loc_8" />
    <link:loc xlink:type="locator" xlink:href="PGEPolskaGrupaEnerge-2022-12-31.xsd#PGE_ZmianaStanuUprawnienDoEmisjiCo2NaWlasnePotrzeby" xlink:label="loc_9" />
    <link:loc xlink:type="locator" xlink:href="PGEPolskaGrupaEnerge-2022-12-31.xsd#PGE_ZmianaStanuPozostalychAktywowNiefinansowychIRozliczenMiedzyokresowych" xlink:label="loc_10" />
    <link:loc xlink:type="locator" xlink:href="PGEPolskaGrupaEnerge-2022-12-31.xsd#PGE_ZalozenieLokatPowyzej3Mcy" xlink:label="loc_11" />
    <link:loc xlink:type="locator" xlink:href="PGEPolskaGrupaEnerge-2022-12-31.xsd#PGE_RozwiazanieLokatPowyzej3Mcy" xlink:label="loc_12" />
    <link:loc xlink:type="locator" xlink:href="PGEPolskaGrupaEnerge-2022-12-31.xsd#PGE_SplataPozyczekKredytowLeasingu" xlink:label="loc_13" />
    <link:loc xlink:type="locator" xlink:href="PGEPolskaGrupaEnerge-2022-12-31.xsd#PGE_KapitalZapasowyMember" xlink:label="loc_14" />
    <link:loc xlink:type="locator" xlink:href="PGEPolskaGrupaEnerge-2022-12-31.xsd#PGE_KapitalZWycenyInstrumentowFinansowychMember" xlink:label="loc_15" />
    <link:loc xlink:type="locator" xlink:href="PGEPolskaGrupaEnerge-2022-12-31.xsd#PGE_ObnizenieWartosciNominalnejAkcji" xlink:label="loc_16" />
    <link:loc xlink:type="locator" xlink:href="PGEPolskaGrupaEnerge-2022-12-31.xsd#PGE_UdzialWZmianieKapitalowJednostekWspolkontrolowanych" xlink:label="loc_17" />
    <link:labelArc xlink:from="loc_1" xlink:to="lab_1" xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <link:labelArc xlink:from="loc_2" xlink:to="lab_2" xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <link:labelArc xlink:from="loc_3" xlink:to="lab_3" xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <link:labelArc xlink:from="loc_4" xlink:to="lab_4" xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <link:labelArc xlink:from="loc_5" xlink:to="lab_5" xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <link:labelArc xlink:from="loc_6" xlink:to="lab_6" xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <link:labelArc xlink:from="loc_7" xlink:to="lab_7" xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <link:labelArc xlink:from="loc_8" xlink:to="lab_8" xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <link:labelArc xlink:from="loc_9" xlink:to="lab_9" xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <link:labelArc xlink:from="loc_10" xlink:to="lab_10" xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <link:labelArc xlink:from="loc_11" xlink:to="lab_11" xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <link:labelArc xlink:from="loc_12" xlink:to="lab_12" xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <link:labelArc xlink:from="loc_13" xlink:to="lab_13" xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <link:labelArc xlink:from="loc_14" xlink:to="lab_14" xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <link:labelArc xlink:from="loc_15" xlink:to="lab_15" xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <link:labelArc xlink:from="loc_16" xlink:to="lab_16" xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <link:labelArc xlink:from="loc_17" xlink:to="lab_17" xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <link:label xlink:type="resource" xlink:label="lab_1" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en" id="lab_1">Long term Co2 emission allowances for own use</link:label>
    <link:label xlink:type="resource" xlink:label="lab_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en" id="lab_2">Short term Co2 emission allowances for own use</link:label>
    <link:label xlink:type="resource" xlink:label="lab_3" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en" id="lab_3">Reserve capital</link:label>
    <link:label xlink:type="resource" xlink:label="lab_4" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en" id="lab_4">Financial instruments measurement reserve</link:label>
    <link:label xlink:type="resource" xlink:label="lab_5" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en" id="lab_5">Long term loans, bonds and leases </link:label>
    <link:label xlink:type="resource" xlink:label="lab_6" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en" id="lab_6">Short term loans, bonds and leases</link:label>
    <link:label xlink:type="resource" xlink:label="lab_7" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en" id="lab_7">Interest and dividend, net </link:label>
    <link:label xlink:type="resource" xlink:label="lab_8" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en" id="lab_8">(Gain) loss from investing activities</link:label>
    <link:label xlink:type="resource" xlink:label="lab_9" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en" id="lab_9">Change in Co2 emission allowances held for own use </link:label>
    <link:label xlink:type="resource" xlink:label="lab_10" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en" id="lab_10">Change in other nonfinancial assets and deferred income</link:label>
    <link:label xlink:type="resource" xlink:label="lab_11" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en" id="lab_11">Recognition of deposits with maturity over 3 months </link:label>
    <link:label xlink:type="resource" xlink:label="lab_12" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en" id="lab_12">Termination of deposits with maturity over 3 months</link:label>
    <link:label xlink:type="resource" xlink:label="lab_13" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en" id="lab_13">Repayment of loans, credit facilities and leases</link:label>
    <link:label xlink:type="resource" xlink:label="lab_14" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en" id="lab_14">Reserve capital member</link:label>
    <link:label xlink:type="resource" xlink:label="lab_15" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en" id="lab_15">Financial instruments measurement reserve</link:label>
    <link:label xlink:type="resource" xlink:label="lab_16" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en" id="lab_16">Reduction of the nominal value of shares</link:label>
    <link:label xlink:type="resource" xlink:label="lab_17" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en" id="lab_17">Share in equity change in joint ventures</link:label>
  </link:labelLink>
</link:linkbase>