Pražská plynárenská will lower energy prices below the price ceilings from May

Pražská plynárenská will lower energy prices below the price ceilings from May

Pražská plynská will reduce energy prices below the price ceilings from May< /p> Natural gas, gas stove, energy, consumption – illustrative photo.

Prague – From May 1, Pražská plynárenská will reduce its selling prices of natural gas and electricity below the limit set by the government. The discount will apply to basic tariffs as well as annual contracts with fixation. This follows from the company's website, the Ekonomický deník drew attention to it today. Prices below the government maximum have already started to be reduced by other suppliers in response to falling energy prices on the market.

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Pražská plynárenská is one of the largest domestic suppliers of energy, gas and electricity, supplying roughly 425,000 consumption points. The company did not say how many customers will be affected by the discount.

Since the beginning of the year, most energy suppliers have offered tariffs to new customers with prices based on the government's price ceiling. For this year, this amounts to 6050 crowns for one megawatt hour (MWh) of electricity including VAT and 3025 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.

Natural gas will be CZK 2,904 per MWh including VAT in the standard price list of the Standard Pražské plynárenské state. In case of annual fixation, customers pay 2752.75 per MWh. According to the company, households that use gas in their flats for cooking, water heating and heating with an annual consumption of 11 MWh can save around 3,000 crowns per year against ceiling prices.

From May, Pražská plynárenská will sell electricity with a fixed price of CZK 5,777.75 per MWh including VAT. Compared to the price ceiling set by the government, according to the company, the average household in an apartment with a distribution rate of D02 and a consumption of 2.8 MWh should save around CZK 760 per year.

Energy prices under the limits set by the government already in the past weeks other suppliers also started to offer. 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 around 240 CZK per MWh. Centropol or MND also announced price reductions to existing customers. CEZ also introduced the new tariff. Energy prices will gradually decrease, but the condition is a long-term contract.

In recent weeks, the wholesale price of electricity has fallen to 160 euros (about 3790 CZK) per MWh without VAT. For gas, it dropped below 59 euros (roughly 1398 CZK) per MWh. Last summer, the prices of both commodities were significantly above the limit set by the government.