ČEZ to offer clients fixed price electricity in 2010

The partially state-owned energy giant ČEZ is to offer its clients fixed price electricity in 2010, the firm’s CEO Martin Roman announced on Tuesday. In February next year, customers will be able to choose whether to pay a fixed price for their following year’s electricity in advance. The move is designed to provide clients with more stability, say those behind the initiative. With energy prices fluctuating in the current climate, however, opting for fixed-price power is a gamble which clients may win or lose. The Industry and Trade Minister Martin Říman said that the venture would give customers more choice - whether they wanted to shop around for the cheapest deal, or opt for security at a time when energy prices remain unstable.