Electricity price

The wholesale electricity price on the exchange may be either a spot-market price or a forward-market price. Forward markets trade so-called futuresโ€”contracts for electricity to be delivered during a specified period, such as the following year.

The current wholesale electricity price varies depending on the delivery period. For example, on the spot market, where electricity is traded for delivery during the following 24 hours, the price may vary from hour to hour by as much as several hundred EUR/MWh. When people refer to the current electricity price, however, they most often mean the price of the contract for delivery in the nearest full calendar year. In 2026, this means the contract for delivery in 2027.

The price per kWh paid by customers on their electricity bills varies from one supplier to another. Suppliers set their prices partly according to how successfullyโ€”and at what costโ€”they purchased electricity on the wholesale market.

In the Czech Republic, the average daily price in 2026 of the contract for delivery in 2027 is 98.39 EUR/MWh (2,382 CZK/MWh). The chart below shows how the price of this benchmark contract for delivery next year has developed over time.

Current price
110.67 EUR/MWh

Previous price: 110.35 EUR/MWh

Daily change
0.29 %

0.32 EUR/MWh

Monthly change
11.43 %

11.35 EUR/MWh

Yearly change
13.59 %

13.24 EUR/MWh

Electricity price [EUR/MWh]

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Questions and answers

Q

What is the current electricity price?

A

The current wholesale electricity price on the exchange is 110.67 EUR/MWh (2,679 CZK/MWh) (1. 8. 2026). This is a baseload futures contract delivered in the Czech Republic in 2027, which is considered the reference contract for the Czech Republic.

Q

What determines the wholesale electricity price?

A

Electricity is a commodity traded on the exchange and its price is set by current supply and demand and by generation costs, which differ by source type. The electricity price is determined by the costs of the most expensive power plant needed to cover current consumption (most often a natural-gas or hard-coal plant).

Q

How will the electricity price develop?

A

Forward contracts delivered in the coming years indicate the outlook for the electricity price. The current electricity price for next year is 110.67 EUR/MWh (2,679 CZK/MWh) and for 2028 it is 93.2 EUR/MWh (2,256 CZK/MWh). Compared with today's prices, the electricity price can therefore be expected to be substantially lower.

Q

What will the electricity price be in 2027?

A

The electricity price in 2027 can be expected at 110.67 EUR/MWh (2,679 CZK/MWh) (1. 8. 2026), as indicated by the futures contract delivered in the Czech Republic in 2027. This is the current market estimate of the wholesale electricity price, which may still change before delivery.

Q

What will the electricity price be in 2028?

A

The wholesale electricity price in 2028 is currently 93.2 EUR/MWh (2,256 CZK/MWh) (1. 8. 2026), as indicated by the futures contract delivered in the Czech Republic in 2028. This is the current market estimate of the wholesale electricity price in 2028.

Q

How does the wholesale electricity price show up in supplier prices?

A

The price of an electricity supply offered by a particular supplier should reflect the cost at which the supplier bought electricity on the wholesale market for that period. If they bought it cheaply, they can offer electricity at a lower price than their competitors.

The largest electricity suppliers in the Czech Republic

The largest electricity supplier is ฤŒEZ Prodej, a.s. This follows from the data of the market operator, which publishes monthly the number of supply points to which traders deliver electricity. There are now 102 electricity suppliers in the Czech Republic that supply at least 100 supply points.

Selected suppliers

Image

ฤŒEZ Prodej, a.s.

Supply points: 2,698,526

Image

E.ON Energie, a.s.

Supply points: 1,258,967

Image

Praลพskรก energetika, a.s.

Supply points: 787,434

Image

innogy Energie, s.r.o.

Supply points: 659,282

Image

CENTROPOL ENERGY, a.s.

Supply points: 219,219

Image

MND Energie a.s.

Supply points: 157,297

Image

ฤŒEZ ESCO, a.s.

Supply points: 109,918

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