ČEZ to let 160,000 customers in Czechia with energy prices above the cap switch to a cheaper tariff

Some 160,000 customers of energy company ČEZ, who have had energy prices fixed long-term above the government price cap since last year, will be able to switch to a cheaper tariff. As a result, none of these customers should have to pay above the cap for energy from 2024, when the government caps are expected to expire. The households affected by the change are expected to save an average of around 8000 Kč a year on electricity. ČEZ will contact these customers repeatedly over time. The company informed the Czech News Agency today. Other companies, including innogy, are also preparing solutions for customers with prices above the cap, while Pražská energetika did not offer fixed-price contracts last year.

ČEZ will allow customers to switch without penalty. „We will offer them the option of switching to a currently available fixed-price product with a declining price. None of our customers will have to pay prices above the caps next year,“ said Tomáš Kadlec, CEO of ČEZ Prodej.