CEZ loses carbon credits in cyber attack

subscribe

Czech power group CEZ said it had detected two unauthorized transfers of its emissions permits, totaling 700,000, in a recent cyber attack on the Czech registry.

CEZ said it had made a claim with Czech market operator OTE but had yet to receive a response. It has also filed a criminal report.

Czech newspaper Mlada Fronta Dnes reported that the stolen permits were valued at 240 million Czech crowns US $13.6 million. CEZ declined to confirm the report pending an investigation.

"We believe the entire situation will soon be resolved," CEZ said in a statement. "In view of the ongoing investigation though, we are not going to disclose any further details."

The Czech carbon registry closed for an indefinite period after data of account holders was manipulated and EU allowances vanished.

The European Union froze spot trading in the carbon market after the security breach, which saw the theft of at least 7 million euros US $9.6 million of emissions permits from the Czech Republic's carbon registry.

Related News

TC Energy confirms Ontario pumped storage project is advancing

TORONTO - In a bid to accelerate the province's ambitions for clean economic growth, TC Energy Corporation has announced significant progress in the development of the Ontario Pumped Storage Project. The Government of Ontario in Canada has unveiled a sustainable road map aimed at achieving an emission-free electricity sector, and as part of this plan, the Ministry of Energy is set to undertake a final evaluation of the proposed Ontario Pumped Storage Project. A decision is expected to be reached by the end of the year.

Ontario Pumped Storage is a collaborative effort between TC Energy and the Saugeen Ojibway Nation.…

READ MORE
cyprus map

Cyprus can’t delay joining the electricity highway

READ MORE

solar power

Energy-insecure households in the U.S. pay 27% more for electricity than others

READ MORE

storm damage repaired

Hydro One crews restore power to more than 277,000 customers following damaging storms in Ontario

READ MORE

ontarios-electricity-future-balancing-demand-and-emissions

Ontario’s Electricity Future: Balancing Demand and Emissions 

READ MORE