Bloomberg Anywhere Login

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

CEZ Heads for Worst Month in Seven as Electricity Price Tumbles

April 30 (Bloomberg) -- CEZ AS, the biggest power utility in the Czech Republic, headed for its steepest monthly retreat since September as Europe’s economic slowdown sent the price of electricity to near an all-time low.

The stock lost 4.8 percent this month, adding to a 1.1 percent drop in March. CEZ gained 0.3 percent today to 759.9 koruna by 1:53 p.m. in Prague after three days of declines. The PX index rose 0.2 percent, paring April losses to 3.7 percent.

Power for next-year delivery in Germany, where CEZ exports part of its output, fell 0.3 percent today to 50.45 euros per megawatt-hour, taking its decline this month to 2.8 percent. The contract traded 0.3 euros shy of its record-low 50.15 reached on Jan. 16.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.