RWE The energy to lead

This year, RWE celebrates the 10th anniversary of its entry into the Czech market. RWE became known to the public in 2002 after buying a majority share in the joint-stock company Transgas and shares in gas distribution companies from the National Property Fund of the CR at EUR 4.1 bn. It has created a strong energy company from these companies over the following years; it supplies natural gas and electricity to more than two million customers in the local market nowadays. RWE belongs to the biggest European energy group. It accomplished is the biggest privatisation project in the Czech Republic since 1989. more

RWE and Gazprom today decided by mutual agreement to terminate at the end of the year their exclusive talks on a potential joint venture for the construction and operation of power stations in Germany, the UK and the Netherlands. more

RWE Transgas is offering 100 mcm of physical storage capacity in the Czech Republic for a period of 12 months in 2012/2013. The bundled storage capacity is split into five lots, each with 20 million cubic metres of working gas volume and will be offered on the exchange platform store-x in a reverse auction on 24 January 2012. more

The change in regulated price of natural gas distribution for 2012 announced by the Energy Regulatory Office will press down the end prices of natural gas supplied by RWE. more