Are monthly electricity price fixes worthwhile? Their main advantage is gone

Electricity suppliers are competing to update their new price offers. In the past two weeks alone, innogy and E.ON have announced price cuts for non-fixed tariffs. Earlier, partly state-owned ČEZ announced price reductions from the new year. Electricity prices for households on non-fixed products have thus virtually caught up with those under the previously popular monthly fixed-price contracts. 

After the sharp rise in household electricity prices as a result of the energy crisis, electricity prices are beginning to stabilise again. The three main players in the Czech electricity market have cut electricity prices for open-ended, non-fixed products.

ČEZ was the first to reduce its electricity price for households without a fixed term, lowering it from the start of next year to 3 388 Kč/MWh excluding VAT in the most common D02d tariff. It was followed by E.ON, which will offer electricity in the same tariff from the new year at an even slightly lower price – 3250 Kč/MWh excluding VAT. innogy also cut its prices from 1 December, supplying households on its non-fixed product at 3924 Kč/MWh excluding VAT.