Heat prices in Cheb, Czechia, to fall from May by more than expected

Heat prices in Cheb will fall by 324,5 Kč per gigajoule from May 1. This is more than had been expected as recently as March. The reduction was made possible by developments on the gas market, the main source of energy for heating. From May, city residents will pay 1287,00 crowns per gigajoule instead of 1611,50. According to Cheb Mayor Jan Vrba (ANO), prices could fall once more in the second half of the year. Heating is provided by Terea, a company half-owned by the city.

„The price announced now, effective May 1, should not rise for the rest of the year. And if, according to the information we have from the operator, they manage to buy gas even more cheaply, as expected, the price could fall further. Unfortunately, the price also reflects the fact that expensive gas purchased earlier was still being burned at the beginning of the year,“ Mayor Vrba said.