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Jan Béreš: The price of electricity will go down

People who cleverly set energy prices in 2021 before the collapse of Bohemia Energy for up to 3 years could have lower prices than limited ones, says Jan Béreš, an energy analyst at the Uštřeno portal.

The price of energy also increased slightly in October, with an increase of 281 crowns per MWh in the case of electricity and 66 crowns per MWh in the case of gas. However, according to experts, better times are starting to flash.

The price of electricity and gas increased in October, but we have information that the market situation is changing. The reason is that the SPOTs, or daily electricity prices, are falling. Vendors will then come up with new price lists that will come close to capped prices.

The price of electricity has stopped rising in recent weeks. The reason is the development of the daily market or SPOT, where electricity prices have reached the level of 150-220 euros per MWh. In the next few years we will also see a reduction in the prices of electricity supply contracts, albeit not as rapidly. For the best-selling electricity supply contract of 2023, the price of 1 MWh is around 370 euros per MWh. Also at the end of August this year, the price jumped to € 1,000 per MWh.

Next year, most customers will switch to limited electricity and gas prices. The limited price for electricity is 6.05 crowns per MWh, for gas 3 crowns. Compared to current prices with suppliers, most customers will save. People who skillfully set energy prices in 2021 before Bohemia Energy collapsed for up to 3 years may have lower prices than limited ones.

The price of electricity is expected to decline over the long term, as investors believe. The price of electricity supplies in 2025 is around 180 euros per MWh. We can probably forget the prices of around 60 euros per MWh, which were before the covid, and the new reality will be the prices of around 150 euros per MWh, which will allow the rapid development of renewable sources including battery technologies, as well as the construction of , for example, new nuclear or gas power plants.

Author: editors

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