Press releases pg. 177

CEZ electricity provider offered another part of its "rainbow electricity" to distribution companies yesterday. The offer consists of three new products - so called "green electricity" - broadband electricity supplied throughout the entire year on weekdays at the price of 88 hallers (approx. 2 cents) per kWh, so called red electricity - broadband electricity supplied on a monthly basis at an average price of 82 hallers per kWh and so called blue electricity - broadband electricity supplied on weekdays on a monthly basis at an average price of less than 82 hallers per kWh.

The electricity provider CEZ has prepared a completely new and revolutionary product range, which is to be launched on the newly opened market at the beginning of next year. These include several types of electricity provision and supply, each of which is characterized by a distinct color and, more importantly, by a different price. Each color represents a different product, but by extension also a certain section of the output generated by CEZ power plants that cover the particular supply.

In the first half of this year the CEZ joint-stock company succeeded in cutting down its costs by 802 million CZK, in comparison with last year, and also managed to increase its total revenue by 923 million CZK up to 30.9 billion CZK. Profit after taxation increased by 1.6 billion CZK (i.e. by more than 52.1%) and totalled 4.6 billion CZK, which was due to increased revenues, reduced costs and lower income tax.

The Power Company CEZ has perceived that, due to political tensions occurring between Austria with the Federal republic of Germany and the Czech republic in connection with the situation in the field of power industry, the conditions for placing of domestic products in neighbouring countries show trends to worsen.