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CEZ says price rise to affect 2019 hedges; plans services acquisition in Poland

Wednesday, 4 Oct 2017 05:46am EDT 

Oct 4 (Reuters) - CEZ As :CEZ strategy director Pavel Cyrani tells Reuters energy services unit ESCO aims to complete an acquisition in Poland by year-end or early 2018.Says electricity price growth to have minor impact on 2018 average hedged price, pretty significant impact on 2019 hedged price.As of Aug 1, CEZ had hedged 80 percent of 2018 output at 29.5 euros per MWh and 50 percent of 2019 output at 29 euros..Czech 2018 power prices trading at 35.35 euros, 2019 at 32.55 euros on the Prague exchange. .Further company coverage: CEZP.PR.