ČEZ and Innogy Announce Significant Reduction in Electricity and Gas Prices for Customers

ČEZ and Innogy Announce Significant Reduction in Electricity and Gas Prices for Customers

ČEZ will reduce the fixed price lists of electricity and gas from Monday, the prices in them will gradually decrease every year, just like last year. “We are sticking to our strategy of projecting the drop in wholesale energy prices into the price lists for our customers this year as well, and we are coming … Read more

Cheaper Charging for Electric and Plug-in Hybrid Cars in Czech Republic: All You Need to Know

Cheaper Charging for Electric and Plug-in Hybrid Cars in Czech Republic: All You Need to Know

The beginning of this year is in the spirit of further price increases, but fortunately this does not apply everywhere – charging electrified cars has become cheaper. PRE has kept (despite a slight increase in price) lower prices the entire time, E.ON has been cheaper since last October and now it is the turn of … Read more

The largest gas distributor in the Czech Republic is for sale. ČEZ could be interested in GasNet – Seznam Zprávy

The largest gas distributor in the Czech Republic is for sale.  ČEZ could be interested in GasNet – Seznam Zprávy

The company Macquarie Asset Management has approached potential interested parties in a stake in the main distributor of natural gas in the Czech Republic to submit non-binding offers. The Bloomberg agency informs about the offer. Investors from the Czech Republic may also be potentially interested. The main interested party could be ČEZ. “Last month, the … Read more

Cupra is heading to ČEZ services, dozens of Bornů are to speed up the electrification of the vehicle fleet – Garáž.cz

Cupra is heading to ČEZ services, dozens of Bornů are to speed up the electrification of the vehicle fleet – Garáž.cz

The first 34 electric Cupra Born compact hatchbacks were taken over by ČEZ Group at Šmucler Autocenter in Pilsen on November 29. This is a significant step in the fleet market for the young Spanish brand. “We are glad that there is great interest in the Cupra brand on the Czech market. This year alone, … Read more

ČEZ Exit from Turkish Energy Market and Future Plans for ESCO Services and Renewable Energy

ČEZ Exit from Turkish Energy Market and Future Plans for ESCO Services and Renewable Energy

In an interview with ČTK on Thursday, ČEZ financial director Martin Novák stated this. ČEZ entered the Turkish energy market in 2008. It currently holds a fifty percent stake in the company Akcez Enerji, through which it has assets in distribution and sales companies Sakarya Elektrik. The company also has a roughly 40 percent stake … Read more

Challenge Connecting Photovoltaic Power Plant to Electricity Grid: EG.D Faces Capacity Issues

Challenge Connecting Photovoltaic Power Plant to Electricity Grid: EG.D Faces Capacity Issues

The owner of a photovoltaic power plant in South Moravian Tasovice has been trying to connect its production plant to the electricity grid since this spring. The site is located in the distribution territory of the company E.GD, which of the three dominant operators of the electric power system in the Czech Republic is facing … Read more

ČEZ Shareholders Set to Receive Record Dividend: 145 Crowns per Share

ČEZ Shareholders Set to Receive Record Dividend: 145 Crowns per Share

ČEZ, the energy company majority-owned by the state, has proposed a record dividend payout of 145 crowns per share. This move would distribute the company’s entire profit from last year, with shareholders set to receive 78 billion crowns, the state receiving 54 billion crowns, and the remaining amount going to minority shareholders. Following the announcement … Read more

ČEZ Energy Group’s Record Profit in 2022: Factors Affecting 60% Drop in 1Q2023 and Future Outlook

The ČEZ energy group recorded a record profit last year. In the first quarter of this year, however, it fell by 60 percent year-on-year to CZK 10.8 billion. Several factors, which are missing this year, made their way into the 2022 result, while others, on the contrary, cut a part of the profit. ČEZ’s results … Read more

“CEZ announces potential record dividend payout to Czech state budget”

“The first draft will be prepared by the company’s board of directors. I do not rule out that last year’s scenario may be repeated, when I put forward a proposal for a higher dividend payment on behalf of the government, and the general meeting then approved it,” said Stanjura. His proposal was also supported by … Read more

Without relying on the Russians, Dukovan will still function with fuel supplied by American Westinghouse – Novinky

The Russian supplier has been supplying Dukovany for almost 40 years, since the start of operation of the power plant. However, after the outbreak of war in Ukraine, the operator of the power plant, the semi-state CEZ, decided to replace the supplier for security reasons. CEZ spokesman Ladislav Kříž announced this on Wednesday. CEZ did … Read more