As expected, the Cabinet yesterday approved an amendment to the energy law that calls for the separation of legal, accounting and managerial activities of electricity distribution and supply as of 2007. The cost of the implementation of the above in the regional distributors should not be significant from the perspective of their shareholders (five are majority-owned by CEZ). The timetable of the electricity market liberalization remains unchanged (the entire market with the exception of households is to be opened as of January 2005, and fully liberalized a year later). Source: Czech Press Agency.
Jitka Oppitzová, Patria Finance