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STRONG BUY, page-971

  1. 12,140 Posts.
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    "hopefully when we are ready to produce energy costs would have stabilised"

    Anything is possible but its highly unlikely.
    I did mention on this thread one year ago that the price of power would be a major concern to the EMN Chvaletice project, not many investors realise this unfortunately.

    "Czech Republic, March 2020: The price of electricity is 0.247 U.S. Dollar per kWh for households and 0.108 U.S. Dollar for businesses which includes all components of the electricity bill such as the cost of power, distribution and taxes. "

    The price of power has increased by 3 times since then. Its more likely to go higher than go down due to the nature of power generation in the EU. Renewables are OK for keeping lights on but they do not generate bulk base load power. There lies the major problem.
    EU is competing with China. While the EU shuts down coal mines and coal fired power, China has just announced another 200 million tonnes of coal production.
    Europe can build more wind turbines but most people have already have had a gutful of them. They are now banned in Bavaria, the French opposition are campaigning for tearing them all down.

    Czech electricity, gas prices to rise sharply in 2022 – Minister Havlíček

    12/13/2021

    Electricity prices look set rise 30 to 50 percent next year and gas prices by 50 to 70 percent, outgoing Minister for industry and trade Karel Havlíček told reporters on Monday.
    The caretaker government will propose that a special session of the lower house meet on Wednesday to vote to cut VAT on energy to zero by 2022 and forgive households and companies payments for so-called subsidized energy sources.

    https://english.radio.cz/czech-electricity-gas-prices-rise-sharply-2022-minister-havlicek-8736651
 
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