Home » Business » “Railway Administration Ensures Traction Energy Supply through Timely Tender amid Market Turmoil”

“Railway Administration Ensures Traction Energy Supply through Timely Tender amid Market Turmoil”

The administration stated that the company’s electricity purchase price increased by two billion to five billion CZK year-on-year last year, but the company covered the difference by distributing traction energy to carriers, from which it earned almost CZK two billion.

“After last year’s difficult situation on the energy market, which made it significantly more difficult to choose a supplier for the current period, this time a timely tender will help eliminate the risks associated with price fluctuations,” the Railway Administration said in a press release. She added that she consulted the parameters of the auction with carriers in the established expert group for electric traction on the energy market.

The purchase of the electricity required for the operation of electric trains will be gradual in 2024. According to the Railway Administration, the estimated annual quantity is secured by a closed contract in the ratio of seventy percent through an annual traded product with a fixed price and the remaining thirty percent by the valuation on the daily market of the Electricity Market Operator (OTE).

For this year, the electricity supplier is ČEZ ESCO. According to the annual report of the Railway Administration, the estimated consumption of traction energy for 2023 was set at 1.28 million MWh. The selection for this year was also made through the PXE commodity exchange. Sev.en Industry Supply will be the third supplier of power traction energy for the Railway Administration from 2019.

Sev.en Industry Supply is a supplier of electricity to large customers. The company was entered on the list of qualified suppliers under the Public Procurement Act on January 10 of this year.

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2023-05-12 16:55:00
#year #Pavel #Tykačs #company #supplier #electricity #railway

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