Following an announcement of the sector regulator related to the 2003 residential electricity prices (the maximum price is to be decreased for five out of eight distributors), CEZ informed yesterday that it will push for a price reduction larger than implied by the regulator`s decision.
Recall that CEZ will acquire majority in 5 out of the 8 distributors, the transaction is expected to be approved by the Anti-Monopoly Office, which should issue the verdict at the beginning of December.
The recently much-promoted planned residential price cuts induced by CEZ (after it acquires the distributors) is to support the acquisition of the distributors and disprove monopoly-related arguments against it.
Jiri Soustruznik