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Electricity prices are now worth fixing

This can be prevented, at least in part, by the consumer, who has a contract of indefinite duration or whose fixation is just ending, fixing the price as soon as possible for a period of one to three years. In general, the longer the fixation time, the lower the price.

Wholesale prices are on record

“The market outlook today is that prices will rise, and at the same time we are in a situation where some suppliers have not yet reflected higher stock prices in price lists. In such a case, it will definitely pay to fix the price, because it is obvious that next year the high stock exchange price will be reflected in the final prices, “Štěpán Křeček, Chief Economist of BH Securities, told Práva.

Jiří Gavor from ENA would also proceed with the fixation if the supplier has a reasonable price offer, where the price is lower than the expected increase in prices on the market.

“In the current situation, when wholesale electricity and gas prices are at historical records, the offer of fixation is not as attractive as, for example, a year ago, when markets were very low. But in the case of electricity, I would not reject it precisely because, unlike gas, there is a risk that prices will not fall in the long run, there is a risk of their growth, “said Gavor to Práva.

Power electricity will increase in price by 20 percent, and unfortunately that does not end there

Štěpán Křeček, BH Securities

Hamster pointed out that prices on the stock exchange are even higher than in the summer, when there was already talk of a big rise in prices.

“The price of electricity on the stock exchange continues to rise, so it can be expected that the price increase could be even greater than expected in the summer. Now it is about 107.50 euros per megawatt-hour, while in the summer it was around 100 euros, “he said. According to Křeček, the increase in prices will continue next year as well.

“The prices of power electricity will increase by 20 percent, and unfortunately that does not end there. There will be further price increases, although probably not so significant, “he said. At the wholesale price of electricity, Gavor hopes for a slight correction, when stock exchange prices should fall below 100 euros per megawatt-hour for at least a few months.

“However, when I look at 2022, I do not see a factor for a significant decline, because this year at the end of the year the German nuclear power plants will be shut down in the penultimate phase, next year will be the last phase and there will be a lack of power and demand. So I’m a pessimist about electricity, “he said.

Hamster reminded that there are also problems in the gas market, when lower volumes of supplies from Russia are known. “Underground storage tanks are only three-quarters full before the heating season,” he pointed out.

An increase in supplies can be expected with the commissioning of the Nord Stream 2 gas pipeline, and Gavor expects a more significant drop in stock exchange prices for gas and thus more favorable prices for end users. It is therefore not highly recommended to fix the gas price now.

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