MND offered a tariff with electricity and gas prices below the government ceiling

MND offered a tariff with electricity and gas prices below the government ceiling

Gas stove – illustrative photo.

Prague – Moravské naftové doly (MND) from today offers a tariff for electricity and gas supplies with prices below the government ceiling without fixation. Gas in it will cost CZK 280 per megawatt hour (MWh) less than the ceiling, electricity will be dozens of crowns below the ceiling. The tariff will be for new and existing customers. Tariff prices can, however, change flexibly depending on market price developments. ČTK was informed about this today by MND. Discounts on electricity and gas price lists have already been announced by other suppliers in recent days.

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Since the beginning of the year, most energy suppliers have been offering new customers tariffs with prices based on the government's price ceiling. For this year, this amounts to 6,000 crowns for one MWh of electricity, including VAT, and 3,000 crowns for one MWh of gas. Distribution fees need to be added to this. The so-called ceilings apply to households, companies and public institutions.

Gas will therefore cost CZK 2,720 per MWh with VAT for products called Price list with a ceiling, while electricity will cost CZK 5,925 per MWh with VAT at the normal D02d rate. The price lists offer MND with an indefinite contract with a three-month notice period. The offer can be used by new customers from today, and from April 1 it will also be available to existing clients.

“By offering price lists below the government ceilings, we want to enable customers to take advantage of the currently more favorable prices on the market. What needs to be pointed out is that these price lists are and will be continuously derived from the current wholesale prices. We can therefore expect more frequent and larger fluctuations in them than in the basic price lists , and in both directions,” said Jan Sýkora, director of marketing and communications of MND Energie.

MND will also discount energy in its basic price lists from April, but the prices in them will still be above the level of the current government ceiling.


Other suppliers have already started to offer energy prices below the ceilings set by the government. For example, E.ON reduced its clients' electricity against the ceiling by six percent and gas by eight percent without a long-term commitment. Innogy also reduced gas prices for some clients without fixing, by approximately CZK 240 per MWh. Centropol also announced a reduction in prices to existing customers. ČEZ also introduced a new tariff. Energy prices will fall gradually, but the condition is a long-term contract.

In recent weeks, the wholesale price of electricity has fallen to 165 euros (about 3,900 CZK) per MWh without VAT. For gas, it dropped below 66 euros (roughly 1570 CZK) per MWh. Last summer, the prices of both commodities were significantly above the limit set by the government.