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Critical Analysis of the Czech Energy Company on the Slovak Market
Pekárek, Ondřej ; Zahradnik, Ondrej (referee) ; Škapa, Stanislav (advisor)
Práce se za pomocí podrobné analýzy odvětví charakterizuje doporučení malým společnostem působících v segmentu distribuce elektrické energie zajímající strategii vstupu společnosti na trh v zahraničí. Nejdůležitější část práce se soustředí na podrobnou analýzu vnějšího prostředí slovenského trhu a vnitřního prostřední zvolené firmy, čili PEST a SWOT analýzu. Za pomocí těchto metod jsou charakterizovány příležitosti a hrozby zvoleného trhu a současně silné a slabé stránky zvolené společnosti. Závěr diplomové práce zaujímá konkrétní návrh strategie a doporučení společnosti vstupu na slovenský trh.
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Problémy regulace energetického sektoru jakožto přirozeného monopolu
Nováčková, Tereza ; Gapko, Petr (advisor) ; Luňáčková, Petra (referee)
UNIVERZITA KARLOVA V PRAZE FAKULTA SOCIÁLNÍCH VĚD Institut ekonomických studií Tereza Nováčková Problémy regulace energetického sektoru jakožto přirozeného monopolu Bakalářská práce Praha 2011 Abstract The thesis deals with the problems faced by the regulatory authority when monitoring natural monopolies. Three main objectives are set out within the work. Firstly, I will compare the theory of regulation with its practical application to the energy sector in the Czech Republic. The second objective covers a comparison of two methods of regulation and their impacts on a consumer and the regulated company. For this purpose prices set by regulatory authority have been compared with prices created by Price-cap method. The third objective is the analyses of electricity prices ranging from the initial operating of the regulatory authority in the Czech Republic. The outcome of the thesis is the description of the regulation of energy market in the Czech Republic focusing on the theories of regulation.
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Critical Analysis of the Czech Energy Company on the Slovak Market
Pekárek, Ondřej ; Zahradnik, Ondrej (referee) ; Škapa, Stanislav (advisor)
Práce se za pomocí podrobné analýzy odvětví charakterizuje doporučení malým společnostem působících v segmentu distribuce elektrické energie zajímající strategii vstupu společnosti na trh v zahraničí. Nejdůležitější část práce se soustředí na podrobnou analýzu vnějšího prostředí slovenského trhu a vnitřního prostřední zvolené firmy, čili PEST a SWOT analýzu. Za pomocí těchto metod jsou charakterizovány příležitosti a hrozby zvoleného trhu a současně silné a slabé stránky zvolené společnosti. Závěr diplomové práce zaujímá konkrétní návrh strategie a doporučení společnosti vstupu na slovenský trh.
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Current Situation on the Czech Electricity Market: with an Emphasis on the Fourth Regulatory Period of the Czech Energy Regulatory Office
Krška, Štěpán ; Janda, Karel (advisor) ; Mikolášek, Jakub (referee)
This thesis examines the current situation on the electricity market in the Czech Republic. A particular emphasis is put on the regulation of distribution system operators (DSOs). The Czech regulator applies only general efficiency factors for all incumbents, and the efficiency of the incumbents is not taken into account in the regulatory formula. In many countries, the regulators apply benchmarking methods to assess the efficiency of operators. This thesis analyses the current regulatory formula in international comparison and considers the application of benchmarking methods to the regulation of DSOs. The first part provides a description of the theoretical approach to the regulation of network industries, relevant legal norms, the current situation on the Czech electricity market and practices of the regulatory bodies in selected European states. The second, empirical, part presents an international benchmarking study based on data of 15 regional DSOs including two Czech operators. The study examines the application of yardstick methods using data envelopment analysis (DEA) and stochastic frontier analysis (SFA). Based on our results, we find that the cost efficiency of each of the Czech DSOs is different. This suggests that introducing individual efficiency factors in the fourth regulatory...
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Problémy regulace energetického sektoru jakožto přirozeného monopolu
Nováčková, Tereza ; Gapko, Petr (advisor) ; Luňáčková, Petra (referee)
UNIVERZITA KARLOVA V PRAZE FAKULTA SOCIÁLNÍCH VĚD Institut ekonomických studií Tereza Nováčková Problémy regulace energetického sektoru jakožto přirozeného monopolu Bakalářská práce Praha 2011 Abstract The thesis deals with the problems faced by the regulatory authority when monitoring natural monopolies. Three main objectives are set out within the work. Firstly, I will compare the theory of regulation with its practical application to the energy sector in the Czech Republic. The second objective covers a comparison of two methods of regulation and their impacts on a consumer and the regulated company. For this purpose prices set by regulatory authority have been compared with prices created by Price-cap method. The third objective is the analyses of electricity prices ranging from the initial operating of the regulatory authority in the Czech Republic. The outcome of the thesis is the description of the regulation of energy market in the Czech Republic focusing on the theories of regulation.
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Ocenění podniku - ČEZ Distribuce, a. s.
Iser, Jan ; Hnilica, Jiří (advisor) ; Machek, Ondřej (referee)
The goal of this thesis is to appraise the electricity distributor ČEZ Distribuce, a.s.. The Thesis includes information about the company, analysis of the regulatory environment, strategic and financial analysis. As the principal used method of valuation is the discounted cash flows to entity, key value drivers description and financial plan form a vital part of the work. Last section is consecrated to the core calculation of the value itself, using two phase discounted cash flows method. The results from DCF valuation are reinforced by comparable transactions analysis. The Thesis is ended with an estimation of the business value and its explanation.
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The strategy of AMM system implementation within the Czech distribution system
Vycpálek, Martin ; Chlapek, Dušan (advisor) ; Weiss, Gustav (referee)
This thesis deals with issues around the implementation of an AMM (Automated Meter Management) system within the Czech electricity distribution system. The theoretical section of the thesis provides a historical context and looks at the development of the electricity sector. The thesis then goes on to discuss issues regarding the competitiveness of distribution companies in terms of IT/ICT use. This section defines the elements of the Smart Grid concept, in particular the AMM system. The chapters dealing with the conditions for implementing the system in the Czech Republic and pilot projects abroad make up the major sources for the practical section. The goal of the practical section is to come up with a project aim for the AMM system implementation trial project in Prague. The proposed project aim is divided into a number of separate tasks whose results are obtained using a detailed analysis of available sources and the conclusions of the theoretical part of the thesis. The thesis's main benefit is in forming a basis for the AMM implementation trial project in PREdistribuce, Inc. distribution networks and providing a comprehensive overview of the development and current state of the electricity sector.
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Valuation of energetic company
Hradecký, Jindřich ; Marek, Petr (advisor) ; Brabenec, Tomáš (referee)
The main objective of this diploma thesis is a business valuation of company Pražská energetika, a.s. The aim of this assignment is to indicate the market value as of 1/1/2009. The appraisal is carried out by means of income method DCF in Equity version. In addition, there is a comparison with direct evaluation, where the data are taken directly from the capital market. The thesis is divided into eight chapters, which deal subsequently with basic characteristics, methods of how the strategic and financial analysis has been carried out, value drivers prediction, as well as separation of non-operating assets and calculation of discount rate including the final evaluation. The methods used are mostly similar to methods stated in publications by Miloš Mařík. The results of this appraisal could be useful for small investors, who consider buying or selling stocks of this company.
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