CEZ, a. s. · Prague Czech Republic
Company Description
Phone: +42-211-041-111
Fax: +42-211-042-001
Rankings
- #248 in FT Global 500
View CEZ, a. s. Locations On A US Map
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This link will open in a new window When Czechs want to power up, they turn to state-controlled ČEZ, (the lead company of CEZ Group) which produces, distributes, and sells electricity and heat to 3.5 million customers in the Czech Republic. ČEZ, formed by the government in 1992, is now publicly traded, although in 2008 the government continued to control 63% of its stock. Subsidiaries and affiliates of ČEZ form what is known as the CEZ Group, which has operations in coal mining and power generation and marketing across Central and Southeastern Europe. The CEZ Group serves 7 million customers and has about 12,200 MW of generating capacity. To read the full description, subscribe now.
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Key CEZ, a. s. Financials
| Company Type | Public Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $125,023.0 |
| Employees | 6,400 |
CEZ, a. s. Executives
11 executives listed for CEZ, a. s.'s Prague, location.
| Title | Name & Bio | Contact |
| CEO | Martin Roman | Network |
| COO | Daniel Benes | Network |
| CFO and Director | Martin Novák | Network |
Competition
Competitive Landscape for CEZ, a. s.
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top CEZ, a. s. Competitors
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