Selected Historical Financials of CEZ Group
Existing measures to address energy affordability and taxes
introduced to fund these measures in Czechia
Consumer Support
End-customer price caps for households,
small and medium-sized enterprises
(SMEs) and large businesses:
•
CZK 5/kWh for power, CZK 2.5/kWh for
natural gas in 2023 (prices for commodity
without taxes and distribution fees)
•
For households, small gas consumers, defined public
procurers and customers connected to low voltage, the
cap applies to whole consumption of electricity and gas
For SMEs and large businesses the cap on electricity
and gas applies to 80% of the highest consumption in
each month in the last 5 years
For large businesses (connected to high and very high
voltage) cap is applicable up to the EU financial limit on
maximum support
The cap for gas will also be applied to consumption to
produce heat (cap does not apply to consumption of gas
used to produce electricity)
Suppliers are compensated for proven losses
and a reasonable profit.
Financing Revenues Cap
-
Levy on electricity generation revenues
above defined price caps
•
(from Dec 1, 2022 - Dec 31, 2023)
•
90% levy on revenues above defined caps:
Nuclear EUR 70/MWh
Lignite EUR 170/MWh for units above 140
MW, EUR 230/MWh for units bellow 140
MW
Merchant hydro, wind, solar EUR 180/MWh
No caps for hard coal, gas, pump-storage, and
subsidised renewables
Total annual revenue cap based on supplied
volume by generation sources within a company
The resulting levy is defined on an annual basis
(the difference between total revenue and the
total cap) and advances are paid monthly
Levy is a tax-deductible expense and reduces
the company's operating profit
ப
G
Windfall profit tax
Financing
Windfall tax for the energy, petrochemical
and banking sectors of 60% in 2023 -
2025
"Excess Profit" corresponds to the difference
between the tax base and the historical arithmetic
average tax base of 2018-2021 plus 20%
Reasonable Profit taxed at a rate of 19%,
"Excess Profit" at a rate of 79% (60% + 19%)
Tax imposed on selected energy companies
whose main activity is primarily generation, sales
and distribution of electricity, if their decisive
income exceeds specified limits
Group can aggregate the historical Reasonable
Profit of individual taxable companies and pay
the total tax obligation for the whole group.
Advance tax payments for 2023 will be based on
the companies' profit in 2022.
www.cez.cz/en
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