Vladimír Urbánek (Kurzy.cz)
Czech markets  |  October 09, 2012 09:02:20

Results of the market test confirmed a settlement agreement with the European Commission ČEZ

Comments from third parties under market test (english test market) did not need to change the design of the material obligations that ČEZ submitted to the European Commission in June this year. Settlement agreement (English settlement), CEZ agrees to sell one of the five power plants with an output of 800 MW. A final and binding decision of the European Commission is expected in late November.

"The content of the comments by the European Commission received from companies within the market testing and available to us, it will not affect our commitment proposal we put forward the European Commission," said Alan Svoboda, Director of the Trade Division. ČEZ closely with the European Commission dismantle all relevant comments and found no new points that have previously not known or not taken into account in the design. "We discussed technical details, such as delivery points for heat, cooling water supply, technical data network connection, allocation of CO2 allowances and many others. Even then we did not find any contradiction only, we extend our proposal more detailed explanation and description, "says Svoboda. Now you can get away with an updated proposal liabilities internal approval process of the European Commission.The procedure is the same as in all previous settlement in the field of energy (for GDF, RWE, E.ON and others).

As part of the settlement agreement, the aim was to increase competition in the market, CEZ offered to sell one of the plants Počerady Chvaletice, along with yew Melnik 3 and Dětmarovice. "We are currently accepting offers and then decide which one to sell. Impossible is not a fact that power plants sell more if they offer interesting.Should be decided by the end of the year, "says Paul Cyrani, director of strategy. The move is also in line with the strategy of CEZ operate only in the long term and highly efficient low-emission sources. "This relaxed capital resources will be able to point to the new strategic priorities such as the development of regional energy and renewable resources," explains Cyrani.  

Investigation on suspicion of alleged infringement towards restriction of competition in the wholesale market for electricity and coal, the European Commission in November 2009. ČEZ series presenting evidence refuted all substantive allegations of the Commission. After only continued investigation on suspicion of alleged interference with the construction of new coal-fired power stations MUS transmission capacity through the acquisition of node Výškov Počerady for combined cycle power plant. This source CEZ plans to put into operation in the next year.


Barbora Půlpánová, ČEZ spokesman

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