Czech energy prices for consumers are likely to fall further, experts say

Energy prices for end consumers are likely to fall further this year. This is despite the situation on the energy exchange having stabilized, with wholesale prices unlikely to change much further. However, energy prices will not return to pre-energy-crisis levels. This is one reason why people will continue to cut their consumption. Representatives of an industry association and suppliers agreed on this at a discussion in Prague today.

Electricity and gas prices on the energy exchange have stabilized somewhat in recent weeks. According to Jiří Gavor, an analyst at ENA and executive director of the Association of Independent Energy Suppliers (ANDE), they are unlikely to change much in the coming weeks either. He expects a megawatt-hour (MWh) of electricity to cost around 130 to 160 euros (roughly 3060 to 3770 Kč) on the market, while gas prices will range from 45 to 65 euros per MWh (1060 to 1530 Kč).