Major energy review: 42 charts show how the Czech electricity sector changed last year

Although 2024 was the first year that could be described as post-crisis, it was exceptional in many respects. Last year brought a record number of hours with negative electricity prices in the Czech energy sector, growth in generation from renewable energy sources, a decline in generation from coal-fired sources and lower retail prices for consumers. These were not the only changes affecting the Czech energy sector. All this follows from an annual report packed with interactive charts published by oEnergetice.cz and comparison website Ušetřeno.cz.

In cooperation with comparison website Ušetřeno.cz, we have prepared a comprehensive report on the electricity sector in 2024. At oEnergetice.cz, we comprehensively described developments in the electricity sector in 2024 and illustrated them with interactive charts. Our colleagues at Ušetřeno.cz added a perspective on developments in the electricity and gas supply market for end customers.

All charts can be found in the report entitled The Electricity Sector in the Czech Republic in 2024, which is available free of charge HERE.

The report aims to describe developments in the energy sector and the main trends in 2024 in a way that will serve both professional and general audiences.

Among other things, the report shows that:

• total electricity generation in the Czech Republic fell by 4 % year on year;
• generation from coal-fired sources fell by 12 % last year;
• generation from solar power plants increased by 40 % year on year to 3,9 TWh;
• total electricity consumption stagnated year on year at around 57,9 TWh;
• the average spot electricity price in 2024 was 85 EUR/MWh; and
• the price of electricity for households fell by 22 % during 2024.

Report based on publicly available data highlights key trends in the Czech electricity sector

2024 was the first post-crisis year in the Czech energy sector. Earlier concerns over whether the European market would have sufficient electricity or gas are no longer as pressing, although caution is still warranted. On the other hand, there are many changes and challenges ahead.

These primarily concern how to use electricity more efficiently and find ways to store it, as the growing installed capacity of renewable energy sources is also increasing the number of hours with negative or zero electricity prices. 2024 was a record year in this respect, with a total of 361 such hours.

Solar power plants in particular saw dynamic development, with their generation rising by 40 % year on year according to publicly available data. However, neither photovoltaics, wind power nor biomass have been enough, and total electricity generation in the Czech Republic continues to decline. Since 2019, it has fallen by 15%, with the main reason being lower electricity generation from coal-fired sources. Their output declined by 12 % year on year.

Report contents

The report covers the main areas of the electricity sector and details of developments in the electricity and gas supply market for end customers. The report is divided into (i) a general section covering total electricity consumption and generation and cross-border trade, (ii) a generation sources section covering conventional power plants and renewable electricity sources, (iii) a wholesale markets section, and (iv) a  retail markets section.