CEZ Group Energy Transformation and Financial Results
CEZ GROUP BENEFITS FROM INCREASING CARBON PRICES
CEZ Group's emission intensity
(tCO2e/MWh of generated electricity)
0.65
0.60
0.55
0.50
0.45
0.41
0.40
0.38
0.40
0.34
0.35
0.30
0.25
0.20 2017
2018
2019
2020
Marginal
power
plant in
Germany
CEZ Group's carbon intensity is below marginal
plant and even below new CCGT and therefore
higher carbon prices are beneficial for profitability of
our generation fleet.
1 EUR increase in carbon price results in
~CZK 500 million increase in EBITDA*
Π
New
CCGT
plant
Generation
volume**
(2021, TWh)
CO2 emission
intensity
(2021, t/MWh)
CO2 free
34.5
0.00
0.29
CEZ
Gas
3.2
0.35
Group
Coal and lignite
18.0
0.85
2021
Total
55.6
0.29
14
*
Assuming no hedging, 2021 generation volumes and emission intensity
**
Existing assets, i.e. excluding divested assets in Bulgaria and Romania, which contributed 0.4 TWhView entire presentation