Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

CEZ Gains Second Day as Germany Signals Faster Nuclear Exit

April 18 (Bloomberg) -- CEZ AS, the biggest power producer in the Czech Republic, rose for a second day after neighboring Germany signaled it will accelerate its exit from nuclear power.

The stock advanced as much as 1.3 percent and traded up 0.2 percent at 882.5 koruna as of 1:12 p.m. in Prague. CEZ has gained 13 percent so far this year.

Electricity for next-year delivery in Germany, where CEZ exports part of its output, rose 1.3 percent to 59.15 euros per megawatt-hour on April 15 after Chancellor Angela Merkel said she wants to speed up the country’s move away from nuclear power. The futures contract slid 0.5 percent to 58.85 euros today.

“Nuclear power plants are the cheapest energy sources,” Milan Vanicek, chief analyst at Atlantik FT brokerage in Prague, wrote in a report to clients today. “We expect a positive impact on electricity prices and CEZ’s shares.”

To contact the reporter on this story: Krystof Chamonikolas in Prague at

To contact the editor responsible for this story: Gavin Serkin at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.