33% revenue growth to record 576 mln bgn in 2018
Gross sales on the open market have reached a record level of 576 mln bgn in 2018 before applying IFRS 15 effect. This represents a 33% growth in revenue over the result in 2017.
4.35 TWh of power sales and 433 m bgn of revenue in 2017
CEZ Trade continues its rising trend on sales on the open market reaching 4.35 million MWh at a total value of 433 m bgn in 2017
391 mln bgn total sales revenue in 2016
CEZ Trade reported 391 million bgn total revenue from sales on the open market. The Company has delivered 3.8 million MWh which marks its leading position among electricity supply companies.
Salesforce Cloud CRM system implementation
CEZ Trade is the first power company in the country to successfully implement Salesforce Cloud system for sales management together with the local authorized partner for Bulgaria Next Consult
Record sales in value of 324 mln bgn
CEZ Trade Bulgaria reported 324 million BGN revenue from sales on the open electricity market in 2015 by delivering over 3.2 million MWh to end customers. The achievement marks the leading position of the Company among traders of electricity on the open power market.
Gold award Investors in People
CEZ Trade Bulgaria was accredited with Gold award under the Investors in People. The standard in owned by the UK Commission for employment and skills and implements the best practices in people management. CEZ Trade is the first company in Bulgaria to be awarded with the gold level and one of the 3% in the world which have received the highest ranking under the Investors in People standard.
10 Years on the open market
CEZ Trade Bulgaria celebrates 10 years on the open electricity market. During this period, the Company has successfully delivered over 10 million MWh in a total value exceeding 1 billion BGN. The record deliveries strengthen the position of CEZ Trade as one of the leading players with key role in the power sector.
Trading license extension until 2025
The Energy and Water Regulatory Commission has extended the validity of the electricity trading license of CEZ Trade Bulgaria by 10 years until 2025. The decision will allow the Company to continue its activities as a one of the key players on the power market.
Expansion in the business segment
CEZ Trade Bulgaria has developed and expanded its portfolio of business customers on the open market. Following changes in the legislative framework adopted in Aug 2013, customers connected to the MV and LV grids with hourly metering can switch their supplier.
Balancing group formation
CEZ Trade Bulgaria has formed a balancing group on the power market following changes in the Market rules. A number of leading customers from the industrial sectors such as mining, metallurgy, chemicals, cement, glass, papers, services and transport have entrusted CEZ Trade.
Energy management system
CEZ Trade Bulgaria has implemented a system for portfolio management and balancing Xenergie. The system will help purchases and sales, position management, risk management and reporting.
Wholesale market participation
CEZ Trade Bulgaria participates on the wholesale electricity market. In coordination with the central trading floor in Prague, the Company reaches the regional wholesale markets.
Annual sales of over 1 million MWh
CEZ Trade Bulgaria has for the first time in its history crossed the border of 1 million MWh sales on the open power market. The company will continue to be active on the wholesale market and deliver to HV customers.
Industrial portfolio expansion
CEZ Trade Bulgaria has concluded sales contracts with leading companies from the heavy and light industries. The customers have chosen CEZ as a guarantee for secure delivery and professional approach.
First MV sale contracts
CEZ Trade Bulgaria has concluded the first sales contracts to medium voltage customers on the open power market. The Company continues to expand its portfolio of end customers.
First sale on the market
CEZ Trade Bulgaria has concluded first sales on the power market. The deal is part of the strategy for entering the power market, creation and expansion of industrial and business customer portfolio.
Electricity trading license
CEZ Trade Bulgaria has received electricity trading license issued by SEWRC for a period of 10 years. The license will enable to Company to sell to end customers at freely negotiated prices.