FORM 6-K
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                        Report of Foreign Private Issuer

                        Pursuant to Rule 13a-16 or 15d-16
                     of the Securities Exchange Act of 1934




For the month of   October 2003

Commission File Number 333-7182-01

                                   CEZ, a. s.

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                 (Translation of registrant's name into English)


                                c/o Duhova 2/1444
                                 140 53 Prague 4
                                 Czech Republic

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                    (Address of principal executive offices)

Indicate by check mark whether the registrant  files or will file annual reports
under cover Form 20-F or Form 40-F.

                      Form 20-F X       Form 40-F
                               ---             ---

Indicate by check mark if the  registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): ____

Indicate by check mark if the  registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): ____

Indicate by check mark whether by furnishing the  information  contained in this
Form,  the  registrant  is  also  thereby  furnishing  the  information  to  the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

                                Yes         No  X
                                    ---        ---

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ________

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The  following  information  was filed by CEZ, a. s. in Czech  language with the
Prague Stock Exchange as required by its rules and regulations:

CEZ significantly  reduced the prices of its Rainbow  Electricity for 2004
Based on demand for the products offered for 2004, the power company CEZ reduced
the prices at which it sells  electricity  to all  interested  parties  for that
year. The largest share of the transaction is represented by Yellow Electricity,
offered at a maximum price of CZK 837/MWh.  The level of interest on the part of
customers made it possible to reduce this price by CZK 24, to CZK 813/MWh.

Abroad,  electricity prices have been rising rapidly. For example, on the German
electricity  exchange,  a product  comparable to our Yellow Electricity has been
trading,  for the year 2004,  at a price more than 20% higher  than this  year's
price.  CEZ is offering its  customers an average  price  increase of about five
percent,  only one quarter of the price rise taking place in Germany. This means
that in 2004, in the Czech Republic the price of band  electricity will be lower
by more than CZK  100/MWh  than the price at which such  electricity  is sold in
Germany.  This is  approximately  the one hundred crowns that our firm pays when
electricity   crosses  the  border  into  Germany,   while  entities   importing
electricity into our country do not have to pay hardly any fees.

On the  basis of this  data it can be  stated  that the  amount  of  electricity
ordered  by our  customers  shows  that the  electricity  offered by CEZ is very
competitive.  According to our  projections,  in 2004 the average  price for our
electricity  supply  will not reach the price  level of CZK  909/MWh,  the price
contemplated by ERU (the regulatory authority) for protected customers for 2003.
There is no reason why  electricity  prices for  households  should be raised in
2004.

However,  pressure to increase  prices for end customers can be expected to come
from another  source.  Primarily in connection with supporting the production of
electricity from alternate sources and the hard to justify price breaks afforded
to  the  direct  supply  of  electricity   from  such  sources  into  the  power
distribution network.  Although the CEZ Group presently supplies a kilowatt-hour
of  electricity  for  less  than 90  hellers,  the  distribution  companies  are
obligated to purchase electricity from wind-power plants for 3 crowns.



Information on the progress of the mandatory buyout offer for VCE

In  connection  with the  mandatory  buyout  offer  with  regard  to  shares  in
Vychodoceska energetika, a.s. ("VCE"), based on offers accepted as at October 3,
2003 CEZ, a.s.  presently  owns a share in voting rights at VCE in the amount of
98.68%.

The mandatory buyout offer,  which was publicized on September 15, 2003, ends on
October 13, 2003.

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                                   Signatures

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.


                                                            CEZ, a. s.

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                                                           (Registrant)

Date:  October 7, 2003



                                                  By: /s/ Libuse Latalova
                                                     ---------------------------
                                                          Libuse Latalova
                                                  Head of Finance Administration