Page 31 - bne magazine November 2021_20211104 uzbekistan risding

bne November 2021 Companies & Markets I 31
‘Net dream’
Gurbuz was further quoted as saying: "If we are to take this target seriously, we need to schedule the coal phase-out, put an end to the policies of transportation based on highway and airway and transfer the resources spent for nuclear energy to renewable energy and energy efficiency without losing time." He warned that "otherwise, the 'net zero' target will turn into a 'net dream' target in a few years and be forgotten."
Turkey's carbon sink capacity was 84mn tonnes by the end
Energy supplier Bohemia Energy to leave Czech market as prices soar
bne IntelliNews
Bohemia Energy, the largest group of alternative energy suppliers in Czechia, with around 900,000 customers, is leaving the Czech energy market due to the rapid rise in energy prices, the company announced on October 13.
The continuing growth in energy prices has triggered the bankruptcy of the company.
The group will apply to the Energy Regulatory Authority (ERA) to revoke licenses of all its companies, Bohemia Energy, Comfort Energy, Energie CS, Europe Easy Energy, Amper Market and X Energie. All the customers will be provided energy by the so-called supplier of last resort – i.e. the main supplier in the distribution territory.
Depending on the specific region, the suppliers of last resort for electricity supply are German E.ON Energie (southern parts of Czechia), Prazska Energetika (Prague and its immediate surroundings, part-owned by German Energie Baden-Württemberg AG Group) and CEZ Prodej (central and northern parts of the country, part of the state-owned CEZ utility). Gas suppliers will be German E.ON Energie (South Bohemia region), Prazska Plynarenska (Prague and the surrounding area, owned by the city) and innogy Energie (the rest of the country, part of German Eon group).
The move follows the news that the main alternative energy supplier in neighbouring Slovakia, Slovakia Energy, is also giving back its licence due to the high energy prices.
of 2019, thus its net greenhouse gas emissions were 422mn tonnes, the association calculated.
On the one hand, the total sink capacity of the country may be expected to gain to 100mn tonnes in 2053, given it increased to 100mn tonnes in 2015 and 2017; but on the other hand, even if that happened, Turkey would need to cut its emissions by over 400mn tonnes in 30 years, Ecosfer also noted.
Turkey's greenhouse gas emissions were 220mn tonnes in 1990.
Bohemia Energy, the largest group of alternative energy suppliers in Czechia, has around 900,000 customers.
"It was the hardest decision we had to make. We founded Bohemia Energy more than 15 years ago and our mission has always been to be a reliable and profitable energy supplier," commented Jiri Pisarik, owner of Bohemia Energy.
"A new contract with any supplier must be concluded
within six months. Any consumption of electricity or gas after this period is considered unauthorised and risks cutting off the energy supply," said the Energy Regulatory Office on
its website.
According to ENA analyst Jiri Gavor, the situation might be further complicated by the fact that some energy suppliers are currently not recruiting new customers due to high energy prices.
"If the customer is already in the protection regime, it is quite logical that he will receive an offer from the supplier of last resort. Generally speaking, in these emergency situations, this is an opportunity for traditional, strong suppliers," Gavor said.
The Chamber of Commerce proposes the immediate establishment of a crisis council to address the current situation on the energy market, whose price is rapidly rising.
Prime Minister Andrej Babis suggested temporarily cancelling VAT on energy bills during a TV debate before the election. The EU Commission is unlikely to permit that, unless it is restricted to low-income households.
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