Czech energy suppliers keep cutting prices; ČEZ to offer tariff below price cap this year

Energy company ČEZ will adjust its fixed-price tariff with prices below the government cap from April. It will now offer electricity and gas prices below the cap for this year as well, with prices continuing to fall in subsequent years. ČEZ chief Daniel Beneš said so in an interview with Blesk.cz. Company spokesperson Roman Gazdík told the Czech News Agency (ČTK) that ČEZ first responded to falling energy prices on the market in February and that the company will regularly improve its price lists if conditions allow. Other companies are also gradually lowering the prices of electricity and gas supplies below the price cap.

„Some time ago, we introduced a fixed-price product, the so-called steps, where we said that the electricity price in the first year of the fixed term would be at a certain level, but still above the price cap set by a government measure, then lower in the second year and lower still in the third. And given the prices at which we are now buying, from 1 April we have been able to lower the prices of these fixed-price products below the caps guaranteed by the government,“ Beneš told Blesk today.