9/2/2022 10:04 AM, BAACEZ
Proposals regarding the regulation of the energy market began to penetrate the public space. The European Commission supports an EU-wide electricity price ceiling. First, in the morning, Hospodsk noviny, which links to the Politico server, arrived. The tax commission recommends setting the maximum price of electricity for power plants with low production costs, that is, for nuclear power plants and renewable sources. The link also talks about brown coal power plants. About the many compensations that are due for energy companies, at first his, or detailed information is not public. The European Commission will want to present the concrete answer in more detail on the 14th of z.
As we stated in a comment the other day, the regulation of the energy market means for energy companies, or for EZ risks and uncertainties. The core and renewable energy sources form part of the product mix, the production of this source accounts for approximately 60% of the company’s total production. From this point of view, EZ would be significantly affected by the regulation. I will ask no matter how much the price ceiling would be set.
Our forecast for the price of the electricity that EZ will sell in these five years ranges from EUR 130,150/MWh. This forecast calls for, in the context of the current extreme development of electricity market prices, which have experienced extreme volatility between 500 and 1000 EUR/MWh in recent days for the early contract, to be relatively conservative. Moreover, even with a change in the selling price of EUR 130,150/MWh, there is robust profitability (according to our estimate, EBITDA between K 130,143 billion, or a certain profit between K 72 and 83 billion. The question is, how would the price ceiling be set, in the context the current extreme market prices would theoretically not have to go below the sales price of EZ’s electronics estimated so far.
At first, the daily call for EZ shares was negative.
Jan Raka, analyst, Fio banka, as