Falling energy prices have once again prompted Czech suppliers to revise their offers, with many cutting tariffs

Falling energy prices on the markets have once again prompted domestic suppliers to revise their offers. ČEZ today announced new prices below the government-imposed price cap, while Moravské naftové doly (MND) and Tedom Energie also unveiled new offers this week, and Pražská plynárenská cut prices from May. Other major suppliers have also lowered prices in recent weeks and months. This is based on information provided by suppliers to ČTK.

The government set an energy price cap at the beginning of this year. Consumers can therefore pay a maximum of 6000 crowns including VAT per megawatt-hour (MWh) of electricity and 3000 crowns per MWh of gas. Distribution charges must be added to this. The so-called caps apply to households, businesses and public institutions.

ČEZ today announced a further adjustment to a tariff with a fixed term of one to three years. Electricity prices and gas prices under the tariff fall each year of the contract. The company is now cutting electricity prices by an average of 350 crowns per MWh and gas prices by 300 crowns per MWh. In the first year of the fixed term, it is offering both commodities for 510 crowns less than the government caps. Their prices continue to fall in subsequent years.