Business Performance

Highlights of the Period

March:

  • At the meeting of the ČEPS, a.s. Supervisory Board on March 22, 2017, Ing. Miroslav Vrba, CSc. was removed from the position of a member and Vice-Chairman of the ČEPS, a.s. Board of Directors, effective as of March 31, 2017.
  • At the same meeting of the ČEPS, a.s. Supervisory Board on March 22, 2017, Ing. Stanislav Votruba was elected a member of the ČEPS, a.s. Supervisory Board, effective as of
    April 1, 2017.

February: 

  • The ČEPS Company became a part of a new capacity calculation region. The Core region brings together 16 European Transmission Network Operators and covers a significant area of Europe. The decision to create new regions was taken by the Agency for the Cooperation of Energy Regulators (ACER) last November. The Core region will play an important role in the further development and integration of European energy markets. It is at this level that all procedures relating to cross-border trading and the operation of interconnected transmission networks will be approved in the future.
  • The ČEPS Company is among the TOP 5 employers in 2017 in the category ENERGY SECTOR & GAS INDUSTRY & PETROCHEMICAL INDUSTRY. The ranking was decided by university students.


January:

  • On December 23, 2016, the sole shareholder exercising its powers of ČEPS, a.s. General Meeting elected Ing. Jiří Havlíček, MBA a new member of the ČEPS, a.s. Supervisory Board, effective as of January 1, 2017.
  • At the meeting of the ČEPS, a.s. Supervisory Board on January 18, 2017, Ing. Jiří Havlíček, MBA was elected the Chairman of the ČEPS, a.s. Supervisory Board.
  • In January, two of the four PST (Phase Shifting Transformer) units were put into operation in the Hradec u Kadaně transformer station. They were launched in two phases. This made possible a better regulation of energy flows on one of the interconnectors with the eastern part of Germany from January 13, keeping them within safe limits. The German TSO, 50Hertz company, scheduled the launch of similar devices on the Röhrsdorf substation for midyear.
  • The ČEPS Company has received more than four million euros from the European Commission’s programs (TEN-E and Connecting Europe Facility – CEF) to finance projects of common interest. It may obtain another nearly two million euros during the first half of
    the year. The subsidies are intended for specific projects that will contribute to ensuring
    the safety and reliability of the operation of both the Czech transmission system and
    the interconnected European network.