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    CEZ   CZ0005112300

CEZ, A. S.

Real-time Estimate Quote. Real-time Estimate Cboe Europe - 12/06 10:07:16 am
754.75 CZK   +0.97%
03:32aCEZ A S : Information on npp temelín 234 / 2021
01:42aCEZ A S : Information on npp dukovany 6/12/2021
12/03CEZ A S : Notes Redemption Notice
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

CEZ a s : Czech regulator examines energy sector supplies amid market crunch

10/17/2021 | 05:20am EST
FILE PHOTO: Electricity pylons carry power from CEZ's Ledvice coal-fired power plant near the village of Ledvice

PRAGUE (Reuters) - The Czech Republic's energy regulator will seek assurances from suppliers that they can meet customers' needs, stepping up oversight after one of the country's biggest electricity and gas groups shut operations due to a spike in prices across Europe.

The ERU regulator has called on the Czech market's 434 licensed energy suppliers to document supplies for household and company clients by the end of next week, with results expected by the end of October, it said late on Saturday.

The extraordinary step comes as benchmark European gas prices have soared because of factors like low stocks, outages and high demand in Asia, lifting power prices to record highs around the continent.

Bohemia Energy, one of the largest Czech alternative energy suppliers, ended supplies for customers on Wednesday citing the wholesale market's price spike, affecting 900,000 clients who need to be covered by suppliers of last resort.

Some smaller suppliers have also closed.

ERU's chairman Stanislav Travnicek said it wanted assurances that suppliers had not engaged in what it called gambling in markets. But he added that the biggest groups had secured supplies, and that panic was unnecessary.

Major suppliers like majority state-owned utility CEZ have had to step in after the closure of Bohemia Energy, whose customers could face higher prices.

With energy customers facing rising bills because of the spike in markets, the government, like others in Europe, has also sought ways to ease the burden on households, for example by "energy checks" to help needy families cover costs.

(Reporting by Jason Hovet; Editing by Pravin Char)

ę Reuters 2021
All news about CEZ, A. S.
03:32aCEZ A S : Information on npp temelín 234 / 2021
01:42aCEZ A S : Information on npp dukovany 6/12/2021
12/03CEZ A S : Notes Redemption Notice
12/03CEZ A S : Interest Payment Notice
12/03CEZ A S : Information on npp temelín 233 / 2021
12/02CEZ A S : Information on npp dukovany 2/12/2021
12/02CEZ A S : Information on npp temelín 232 / 2021
12/01CEZ A S : Interest Payment Notice
12/01CEZ A S : Information on npp temelín 231 / 2021
12/01CEZ A S : Information on npp dukovany 1/12/2021
More news
Analyst Recommendations on CEZ, A. S.
More recommendations
Sales 2021 212 B 9 438 M 9 438 M
Net income 2021 17 642 M 784 M 784 M
Net Debt 2021 120 B 5 337 M 5 337 M
P/E ratio 2021 25,6x
Yield 2021 5,82%
Capitalization 400 B 17 803 M 17 786 M
EV / Sales 2021 2,45x
EV / Sales 2022 2,46x
Nbr of Employees 27 200
Free-Float 28,6%
Chart CEZ, A. S.
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CEZ, a. s. Technical Analysis Chart | CEZ | CZ0005112300 | MarketScreener
Technical analysis trends CEZ, A. S.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 747,50 CZK
Average target price 743,84 CZK
Spread / Average Target -0,49%
EPS Revisions
Managers and Directors
Daniel BeneÜ Chief Executive Officer
Martin Novßk Chief Financial & Operating Officer
Otakar Hora Chairman-Supervisory Board
Michaela Chaloupkovß Chief Administrative Officer
VladimÝr Hronek Member-Supervisory Board
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