Analysts: Czech electricity prices to rise next year despite supplier cuts

Electricity prices for customers are likely to rise next year, despite possible further price cuts by suppliers. The reason is that part of the fee for renewable energy sources (POZE) will be transferred back to customers. The scale of the increase will also depend on adjustments to distribution charges, which are generally expected to rise compared with this year. This is according to comments from analysts to the Czech News Agency (ČTK). They do not expect the renewable energy fee to be abolished.

Industry and Trade Minister Jozef Síkela (STAN) acknowledged on Sunday on Czech Television that electricity prices would rise next year. He said prices should increase by no more than ten percent compared with current levels, but believes the rise will be more moderate. The main reason is that part of the fee for renewable energy sources will be transferred back to customers. The state paid it in full this year. From next year, customers will once again pay a fee of 599 korunas for every megawatt-hour of electricity consumed.