CEZ reconnected 2nd block of NPP Temelin to the grid yesterday night. Block was disconnected from the end of August for refuelling. This period has been prolonged due to technical issues with the fuel.
Our view:
As markets have already digested news about longer disconnection of the block than previously expected we see the news as neutral. Both blocks of Temelin plant are thus operational now, which is important as electricity from nuclear sources are the cheapest for CEZ.