Although the Czech Minister of Industry tries everywhere to present the framework of measures agreed in the European Union as his great success, in reality the Czech Republic has not achieved what it intended at all. The steps taken, which should be implemented in the near future, do not seem to improve the situation and, on the contrary, could make it worse, as Ekonomický deník’s server informs in its article.
Will they turn against us?
In Europe, the energy crisis is expected to be resolved on three levels in the near future. First there will be savings on consumption, then taxes on excessive profits for energy companies and, in the third case, the redistribution of the money thus obtained or other money to families.
But there is also a very controversial ceiling on the price of imported natural gas. This would mean that Europe will only import this energy source at a maximum price. Importers will stick or not. Again, the argument is that countries with abundant mineral resources can now enjoy unjustly high profits.
Such a measure seems logical, but it can backfire. Obviously it is mainly aimed at Russia, which in this case could completely cut off the supply of gas to Europe. Its real price will skyrocket even more and other importers, such as Norway or the United States, will be able to deliver at even higher prices. However, they probably won’t have enough capacity, so there may be very little gasoline.
An uncertain solution
The high price of electricity has also not been resolved. In fact, it could continue to grow. The impact on households and small businesses will be that states will be able to take part of the profits from electricity producers and redistribute them to the people. But there is some problem here as producers sell electricity a year or more in advance. It is a question of whether there will be an unpleasant spiral when states take funds from these companies, but then sell more and more expensive electricity.
It is still not entirely clear how everything will be implemented within the Czech Republic, but the question marks are still numerous and it does not appear that the energy crisis has been resolved. Among other things, also because the aid does not concern large companies. They could start to fail due to high energy prices and lay off people in large numbers.
Photo: Shutterstock
–
