Electricity is getting cheaper again. Perhaps for the last time, as the first suppliers have already withdrawn their attractive offers

Major electricity suppliers reduced the prices of their products again, effective from 1 February. Prices were cut by the largest supplier, ČEZ, which reduced the prices of its fixed-term products, and by innogy, which lowered prices for non-fixed products. Pražská plynárenská currently offers the cheapest electricity supply deals with one- and two-year fixed terms. However, its one-year fixed-term contract has risen slightly in price. EPET has also withdrawn its most advantageous offer. Does the increase in offer prices signal a turnaround in the retail supply market?

An overview of current offers from major suppliers can be found HERE.

Competition among electricity suppliers for new customers has not ceased. The high electricity prices during the energy crisis, after all, created sufficient room for prices to fall. The most advantageous price lists are often those intended for new customers, further indicating that suppliers are still competing for new business.

Two of the major electricity suppliers were the latest to cut their prices.