Electricity is starting to rise in price. Some customers already pay a third more

So far, only the least numerous group of customers who have contracted contracts linked to the daily movement of wholesale prices pay a higher price for electricity supplies. Their offer is mostly associated with so-called alternative suppliers, which emerged as competitors to large players. While last year customers saved thanks to dynamic tariffs, this year … Read more

CEZ has strengthened in telecommunications. He bought three internet providers

According to information from the financial statements for the previous year, the Group bought a 100% stake in FDLnet.CZ, ISP West and TaNET West. The company FDLnet.CZ provides services in the Frýdlant region, the other two companies (they had the same owners) operate in the Pilsen and Karlovy Vary regions. CEZ already manages 8,500-kilometer optical … Read more

The Mělník III power plant will be shut down in the summer, ČEZ announced. Take a look inside the coal colossus

The energy company ČEZ plans to shut down the Mělník III lignite power plant in the summer, with a tentative date of mid-August. According to CEZ CEO Daniel Beneš, this year the company will also decide on the fate of the Dětmarovice coal-fired power plant, which primarily uses coal from the ending OKD. “As far … Read more

CEZ will write off eight billion of the value of investments in Romania

“The sale price is lower than the value of the cost of removing the assets in question from the consolidation of the CEZ Group,” says CEZ spokeswoman Alice Horakova, adding that it is therefore necessary to create a provision. The CEZ’s financial report for the first nine months then states: “A provision will be recognized … Read more

The Prague Stock Exchange continues to weaken, Komerční banka fell sharply

The Prague Stock Exchange continued to weaken, the PX index fell by 0.26 percent to 868.03 points. Banks in particular drew him down. Only three titles closed with a profit – Avast, ČEZ and Stock. – “As on Monday, investors had a negative perception of further restrictions due to coronavirus, which will slow down the … Read more

The Prague Stock Exchange grew strongly, Moneta’s shares jumped by 3.5 percent

Out of the twelve main titles of the Prague Stock Exchange, eight ended trading in the positive, the other two issues stagnated. The most significant growth was achieved by Moneta shares, which improved by 3.5 percent to 53.20 crowns. Furthermore, Stock liqueur securities grew by 2.06 percent to 64.30 crowns. In contrast, the biggest decline … Read more

CEZ will reduce the price of electricity for households, cheaper energy is also announced by E.ON – ČT24 – Czech Television

“Electricity and gas prices on stock exchanges fell during the covid epidemic and we managed to buy them more cheaply for our customers. We are thus fulfilling our promise that if prices on the stock exchanges stay lower for a longer period of time, our customers will also benefit, ”said Pavel Cyrani, Deputy Chairman of … Read more

The Jet 2 investment fund acquired the remaining stake in the cogeneration producer Tedom

Jet Investment carried out the transaction through its fund of qualified investors Jet 2. Thanks to the transaction, the company of entrepreneur Igor Fait will become the sole owner of the group producing gas cogeneration units and operating thermal energy sources with an annual turnover of less than four billion crowns. In recent weeks, Tedom … Read more

CEZ will pay a dividend of CZK 34 per share, the state will receive CZK 12.8 billion

Prague – The energy company ČEZ will pay shareholders a dividend of 34 crowns per share before tax. Today, the general meeting of the company decided. 18.3 billion crowns from last year’s profit of the company will be distributed among the shareholders, the state, as the majority shareholder, will receive 12.8 billion crowns. The proposal … Read more