Czech Chvaletice power plant remained loss-making but significantly reduced its loss

Chvaletice power plant reduced its loss to CZK 310 million last year. The year before, it reported a loss of CZK 1.308 billion. Its financial performance is weighed down by emissions allowances. ČTK found this from the annual report published in the Collection of Deeds. The Sev.en energy group, which owns the plant, plans to close it in December this year, or by March 2027 at the latest.

Revenue fell by almost three percent year on year to CZK 6.273 billion. Costs for emissions allowances reached CZK 4.981 billion last year, compared with CZK 5.114 billion a year earlier.

The operating result was a loss of CZK 237 million, compared with a loss of CZK 1.325 billion in 2024. The financial result deteriorated year on year from CZK 17 million to a loss of CZK 73 million. The company did not provide more detailed commentary on last year's results.

The Sev.en energy group plans to close Chvaletice power plant in December this year, or by March 2027 at the latest. The planned free allocation of emissions allowances, which the European Commission wants to retain after 2030, is unlikely to affect the decision. Two of the four units could remain in operation in the coming years, as Czech transmission system operator ČEPS says they are needed for the secure operation of the domestic electricity system.

Electricity generation in the Pardubice Region fell 11.5 percent year on year in 2025, mainly due to lower output from steam power plants. The decline was driven by the plants in Chvaletice and Opatovice nad Labem, which account for the bulk of installed capacity. They generated 483 gigawatt-hours (GWh) less electricity than in 2024, representing a decline of 13.5 percent.

Chvaletice power plant is the country's youngest lignite-fired power plant and has been fully operational since 1979. It has installed capacity of 820 megawatts and has already ended heat production for Trnávka and Chvaletice. Severní energetická (Sev.en) bought the Chvaletice plant from ČEZ in 2013 for CZK 4.12 billion. The average full-time equivalent headcount reached 298 last year, seven fewer than a year earlier. Pavel Tykač's Sev.en group plans to build a large battery energy storage facility in Chvaletice. It is expected to have an output of 100 megawatts (MW) and capacity of 200 megawatt-hours (MWh), and is due to be completed this year.