Prime Minister Fiala and the government have been talking about an energy crisis in the country since the beginning of 2022. There was and is no energy crisis. All the talk about electricity was to cover up the huge speculation on the commodity derivatives exchange.
Today, there is clear data on electricity production in the country in recent years, on exports and on trading, but not in electricity, but in commodity derivatives. The electricity price increase was a scam and a scam instigated by the Czech Government and their "friends" who smelled a huge opportunity after the collapse of Bohemia Energy. But trading, trading in commodity derivatives is more like Russian roulette than the job of an exchange engineer in a block watch.
Information on open positions worth up to 557 billion crowns. That is, about how CEZ's trading got out of control and it was necessary to quickly find money somewhere for possible damages. Also, remember those wannabe experts who spent all of 2022 and 23 telling everyone that electricity had to be sold through the stock exchange? Oops, I guess they're liars or misinformers, since CEZ actually sells the vast majority of its generation in the country, directly to customers or distributors.
The increase in electricity prices for customers in the Czech Republic was blamed on the fall of Bohemia Energy and the war in Ukraine. It is a tragedy that the Czech Government and the supervisory authorities allowed this to happen. In addition, they have lied to us for a long time and systematically about the energy crisis and how they are fighting (hard) what they have caused.
Technically, from the point of view of the engineers, there was no reason for the price of electricity in the Czech Republic. The termination of service by Bohemia Energy was an opportunity for other traders to easily gain new customers, perhaps with some price premium. What happened, however, was a battle of "Grab what you can, the cash register is open".
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