Energy price deregulation and privatization are key to the liberalization of the Czech Republic's energy market, Deputy Industry and Trade Minister Miroslav Tvrznik said here Thursday.
Mr. Tvrznik was speaking at a conference on the Developing Energy Markets of Central and Eastern Europe.''The correction of the pricing policy in the energy sector is being carried out by the Industry and Trade Ministry in such a way as to ensure that prices reflect the cost of production to the maximum extent possible,'' he said.
He said actual deregulation of prices is carried out by the Finance Ministry in cooperation with the Industry and Trade Ministry. He said prices for household consumption should be fully deregulated by the end of 1999.
Mr. Tvrznik also said although principal power company CEZ is not slated for privatization in the short term, the eight regional power distribution companies could be sold off next year.