Thousands of crowns can be saved on electricity each year as a major supplier cuts prices

Electricity supplier EPET, part of the EPH group, has significantly reduced prices for new electricity customers. Effective today, its tariff for new customers with a one-year fixed price is 2,649 CZK/MWh and a monthly charge of 130 CZK excluding VAT. With a two-year fixed price, the rate is even lower—2,499 CZK/MWh with the same monthly charge excluding VAT. Both offers are currently the cheapest offers of their kind among larger electricity suppliers.

The household electricity supply market is seeing a battle for new customers ahead of the end of the year. In recent weeks, leading suppliers, including ČEZ, E.ON and innogy, have already announced reductions in electricity supply prices. Their prices are gradually falling below those of monthly fixed-price products, suggesting they intend to attract customers who will be terminating monthly fixed-price contracts.

Current electricity price offers can be found and compared on Energostat in the electricity price comparison section. 

EPET, part of the EPH group, responded closely on the heels of the price cuts by the large players mentioned above. For its product with a one-year fixed price, EPET has set the price across all distribution tariffs at 2,649 CZK/MWh, with a monthly charge of 130 CZK excluding VAT. A household with lower consumption that uses electricity only for lighting (i.e. with the D02d distribution tariff) will therefore pay approximately 18,700 CZK per year.

The product with a two-year fixed price is even cheaper, at 2,499 CZK/MWh and a monthly charge of 130 CZK excluding VAT. The same household will thus pay around 450 crowns less for electricity per year.

EPET's customer base has been growing steadily since January 2024. At the beginning of the year, EPET had just under 52,000 supply points. According to the latest data from the Czech electricity market operator, it now has nearly 61,000 registered supply points and is the ninth-largest electricity supplier by number of supply points. However, its latest offers for new customers suggest that EPET intends to continue growing.

Wholesale prices stagnate, a major fall in household prices is unlikely

Supplier prices generally follow wholesale market prices with a slight delay. This was clearly evident during the onset of the energy crisis, and now, as it recedes, energy suppliers are gradually adjusting their price lists downwards.

Wholesale prices have been more or less stable this year. This follows, among other things, from oEnergetice.cz's October report, according to which this year's weighted average prices on spot markets have been gradually rising. Moreover, monthly prices on this market were their highest since last November in October.

Similarly, the price of the annual CAL-25 contract has remained in the range of 75 to 105 EUR/MWh since the start of the year, hovering around 90 EUR for most of this year.