Czech Republic: The government approved a ceiling on the price of electricity and natural gas

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The Czech government has pointed out that this national plan, which must be approved by the country’s parliament, will be implemented alongside the European solution being drawn up by the European Commission and EU countries.

The Czech government has agreed to cap electricity and gas prices next year in a bid to protect households from skyrocketing prices, Prime Minister Petr Fiala said today.

The Czech government has pointed out that this national plan, which must be approved by the country’s parliament, will be implemented alongside the European solution being drawn up by the European Commission and EU countries.

“We guarantee the price level, everyone will know what they will pay and it will be impossible for anyone to pay multiple times what they are paying this year,” Fiala said during a press conference broadcast live by CTK news agency.

The Czech prime minister pointed out that the price of electricity will be set at 6 crowns (0.24 euros) per kilowatt-hour and 3 crowns (0.12 euros) for natural gas. The changes will take effect from November.

The ceiling does not concern the other costs that increase the price of electricity.

Fiala noted that his government’s business proposal would be announced on Wednesday.

Adjusted for taxes, the Czech cap is about 200 euros per megawatt-hour, the amount the European Union proposed capping non-gas-fired power plants.

RES-EMP

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