According to HN daily, European commission (EC) will probe whether fixing the 2008 price of electricity during July 25th-August 27th on Prague Energy Exchange (PEE) is violating EC rules. Also, Czech antitrust office will look into the situation. Our view: We see the news as neutral as we believe that EC and Czech antitrust office allow the fix price for 2008. If the fix price won’t be allowed then PEE would probably start trading future contracts without fix price for 2008.