Czech PM Fiala: Trends show energy prices should hold, measures have worked

The measures the government introduced in response to extremely high energy prices have worked, and it is good that all suppliers are currently offering energy below the limits set by the government. Prime Minister Petr Fiala (ODS) said this in an interview with the Czech News Agency (ČTK). All trends and expert forecasts indicate that this situation should persist and that prices should not return to extreme highs, the prime minister said when asked whether he was concerned about a jump once the measures end.

At the beginning of the year, the government capped energy prices nationally and took further steps to guarantee affordable prices for households, the public sector and businesses for the rest of this year, while also focusing on measures at the European level. Fiala said the rapid diversification of energy suppliers to EU countries and agreement on certain measures, such as joint purchasing and new mechanisms to prevent sharp price rises, had helped. „But above all, it is the diversification of suppliers and the construction of new LNG terminals. All of this means that prices today are completely different from what they were, for example, in the second half of last year,“ he said.