CEZ Group

CEZ Power Company welcome the preliminary "Chapter on Energy" which was adopted within the framework of the initial discussions between the EU and the Czech Republic. CEZ, the largest domestic producer of electricity, is in every respect prepared for joining the EU.

Yesterday was the official launch of the new CEZ "Rainbow logo" a graphic symbol of the Rainbow electricity which it had introduced recently. The Rainbow energy label stands for a wide range of various types of electricity which CEZ supplied to its customers, and which vary in terms of price and period of supply.

CEZ sent a letter to the Slovakian State Property Fund today, in which it expressed its preliminary interest in buying the offered 49% equity shares in three Slovakian distribution companies. These include three power companies: Zapadoslovenska energetika (ZSE - North Slovakia), Stredoslovenska energetika (SSE - Central Slovakia) a Vychodoslovenska energetika (VSE - East Slovakia).

Ludmila Petranova - a member of the CEPS Executive Board and the Director of the CEPS economic and finance section - was appointed General Manager of the company. The previous chairman of the Executive Board and General Manager of the company Ales Tomec was removed from his position as member and chairman of the Executive Board of the company by its 100% owner, CEZ Power Company. Consequently he also resigned from the position of General Director.

CEZ has already sold a total of 31.7 TWh for the next year, which accounts for 85 percent of the estimated amount of electricity supplied this year to the Czech market. CEZ has also already contracted more than 8 TWh of electricity for export.

Monday November 5 saw the conclusion of the second public tender in which interested parties could choose from three other products from the CEZ rainbow electricity package offered for the next year. The following three products were sold through the tender - so called green electricity - a broadband supply of electricity over the whole year on weekdays, so called red electricity - monthly broadband electricity volume supplied on all days of the particular month, and so called blue electricity - monthly broadband electricity volume supplied on all weekdays of the particular month.

The companies SeveroÄŤeskĂ© doly, a.s., Mostecka uhelna spoleÄŤnost, a.s., Sokolovska uhelna,a .s., Carbounion Bohemia, s.r.o. and CEZ, a. s., have just established a new joint-stock company Coal Energy, a.s. which will trade part of electricity generated by CEZ-operated thermal power plants fired by brown coal. Each of the founders shall own 20% of the new company.

All distribution companies accepted the offer from CEZ for another three products included in the "rainbow energy" package. This package follows and complements the first, cheapest product, so called "yellow electricity, which is sold for 73.4 hellers per kWh. Distribution companies used the second offer almost to the full by confirming their intention to buy a total of 7.6 TWh...

A public tender was terminated yesterday, during which the interested parties had had an opportunity to choose from a total volume of 2.7 TWh of so called "yellow" electricity ( the cheapest type of electricity) which is included in the CEZ offer for the next year. This entails a broadband supply of electricity over the whole of next year (a continuous supply of unvarying electricity volume 24 hours a day, 365 days a year).

CEZ electricity provider offered another part of its "rainbow electricity" to distribution companies yesterday. The offer consists of three new products - so called "green electricity" - broadband electricity supplied throughout the entire year on weekdays at the price of 88 hallers (approx. 2 cents) per kWh, so called red electricity - broadband electricity supplied on a monthly basis at an average price of 82 hallers per kWh and so called blue electricity - broadband electricity supplied on weekdays on a monthly basis at an average price of less than 82 hallers per kWh.