Long-term energy pricing for several hundred thousand ČEZ customers will be completed at the end of the year. For some of them, the prices could increase up to triple compared to the new year. So far, these customers have paid less than the current overall average. CEZ CEO Daniel Beneš told Czech Radio – Radiožurnál. Prices will also rise for customers with expiring fixes from other energy companies in the country.
The new prices for households or small and medium-sized enterprises should certainly not exceed a price ceiling set by the government, which will be valid from January. According to Beneš, without it, prices for families would be up to double.
Bad news for Fiala. Electricity in the Czech Republic has become the most expensive in the EU
The average price of electricity in the European Union increased significantly by 15% year on year in the first half of the year. In the Czech Republic, growth was the highest at 62%. The Czech Republic is followed by Latvia (with an increase of 59%) and Denmark (plus 57%). This is apparent from the data published by the European Statistical Institute Eurostat. The rise in energy prices is greatly affected by the Russian military aggression in Ukraine.
According to Beneš, they should be at the end of the year the two-year and three-year price-fixing contracts of approximately 10-15% of ČEZ customers will expire. It corresponds to the hundreds of thousands of inferior customers. For many of them, energy prices could triple in January. In this regard, the manager of ČEZ recalled that this increase is also due to the fact that these customers have so far paid much less than others and the overall average.
Energy prices will fall, Beneš believes
At the same time, the company will adjust the offer of contracts with price fixing, and only for one year, or for an indefinite period. “We think prices may go down in the future, so long-term products don’t make sense right now“He explained.
At the same time, Beneš stressed that none of the households or other entities for which the government has approved price limits for energy will pay more than the specified limit. The government has set it at 6,000 crowns for one megawatt hour (MWh) of electricity including VAT and 3,000 crowns for one MWh of gas. Distribution fees must be added to this. At the same time, according to the head of ČEZ, it was necessary to accept the maximum prices set by the government, because without them, according to his estimate, the prices could be double.
ČEZ is preparing arbitration against Russia. They will try to recover billions of damages
The ČEZ energy company suffered damages of hundreds of millions to billions of crowns due to the interruption of Russian supplies. This was stated by the chairman of the board of directors and managing director of ČEZ Daniel Beneš in the Otázky Václav Moravec program of Czech television (ČT). According to Beneš, negotiating with the Russian supplier on supplies for the next year is out of the question, indeed, the only possible step is international arbitration.
CEZ, as well as innogy or other suppliers, has begun to recalculate the limited prices in customer advances with higher prices since November.
Limited prices will apply from January 1st. In addition to households, the government has also approved them for small and medium-sized enterprises, public bodies and non-commercial state, regional or municipal companies. According to Prime Minister Petr Fiala (ODS), the costs of this measure will amount to about 130 billion crowns.
A ride before the price limit is introduced? Innogy and ČEZ once again increase their price lists for new customers
Some energy suppliers have again raised their price lists for new customers. At the same time, the new prices are higher than the government-approved price cap valid from January 2023, so customers would only pay them until the end of this year. Furthermore, as of November, the price ceiling should be reflected in the amount of the advances. Among the companies that have increased their price lists for new customers are innogy or ČEZ.
Special real estate club
Realitní Club is a multi-platform project of the newstream.cz server dedicated to the real estate sector, aimed at the B2B and B2C segment. It has three fundamental parts: web, press and events with a strong focus on social networks. It was the first to start a special page of the Realitní Club. The special is divided into four categories that address key areas of the real estate market in a “deep dive”.
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They will be included conversations with developers, politicians, architects and designers.
