Research (J&T BANKA)
Czech markets  |  February 19, 2013 09:12:49

CEZ: MIT disagree with lasting guarantees prices for electricity from the completed TNPP


Ministry of Industry and Trade (MIT) disagree with the guarantee of a permanent electricity prices of the two new units planned nuclear power plant nor guaranteed return on investment. According to Minister of Cuba, but you can count on short-term price guarantee. It would be a so-called British model, while in the case of CEZ would lower prices received contributions from the state, otherwise the money back. CEZ has repeatedly said that the state will be a form of support for the completion of Temelin. ČEZ should the winner of the tender by the end of the year to sign a contract, however, but that does not mean that it will build.

Within a few days Bulgaria should decide whether CEZ removes a license to operate a distribution network. During the week in the country are protesting against the amount of electricity bills that are higher due to the longer period of clearing. Due to the upcoming parliamentary elections, we see also a political dimension to the case when the protests not only against CEZ, as well as against the government.

Today should MEPs vote in the Environment Committee on a proposal to support the market in emission allowances. If this proposal is passed, it would mean a reduction / postponement of CO2 supply and support their prices subsequently rise in electricity prices, which is positive for energy companies, including CEZ. Should a committee to draft a green environment will be further discussed on EU soil.

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