The Czech Press Agency reports today that E.ON of Germany may have teamed up with International Power to negotiate the direct sale of CEZ with the Czech government. Electricite de France and RWE could also be negotiating. We believe a direct sale before the May/June general election is unlikely.
The wholesale electricity price for 2003 will be set at the price level at which electricity was sold to distributors in 2002, the energy-sector regulator has said. Neutral.
Jiri Soustruznik