ČEPS: Development of the energy system in Czechia will cost hundreds of billions of crowns in coming years

Developing and strengthening the transmission system and distribution networks in Czechia will cost hundreds of billions of crowns in the coming years. The reason is the need for measures to ensure grid stability as decarbonisation progresses and electricity consumption increases. Karel Vinkler, director of the Strategy Division at state-owned ČEPS, said this at a nuclear energy conference today. He said the country’s energy sector will not be able to do without more new nuclear power sources in the future, while renewable energy sources will cover only part of future consumption.

Under measures adopted by the European Parliament, the Czech Republic will have to cut emissions by 26 percent by 2030. This will increase pressure to electrify the country’s economy, replacing current fossil fuel sources. It will also place greater demands on the country’s transmission system and distribution networks. Vinkler said that major investments will therefore be needed to strengthen and secure them. In his view, these investments will gradually amount to hundreds of billions of crowns.