The largest supplier of electricity and gas has stopped recruiting customers. Now that’s power

The largest supplier of electricity and gas has stopped recruiting customers. Now that’s power
The largest supplier of electricity and gas has stopped recruiting customers. Now that’s power

In the last few days, we have been watching incredible developments in the electricity market, which has risen in price at a pace that no one has been able to beat so far. After all, the daily movement was easily 140 euros per megawatt hour. At the same time, this was the sum that was paid in total for this amount of electricity. Today, there will be a daily fluctuation in this value, unfortunately mostly upwards, although now the price has fallen a bit again, but not to any acceptable level.

It won’t go on like this

It turns out that the electricity market is failing and at around the price of 800 euros per megawatt hour it basically cannot function effectively anymore. Suppliers can hardly buy at these prices because it would be difficult to sell to end customers. You wouldn’t have the money for that. According to energy expert Jan Palaščák, the price of 500 euros already means that people will pay 100 to 200 thousand per year for electricity alone. And few people can afford that.

A number of suppliers have thus stopped recruiting new customers. Pražská plynárenská or MND resorted to this step, and now the largest player on the market has joined in the form of ČEZ. According to him, the market situation is such that it is basically impossible to make a reasonable offer to new customers.

Only those who want to connect a new collection point will have an exception. However, switching from the competition is not possible now, even if it should be a short-term solution. However, whether and when this will change will depend mainly on whether the price of electricity, but also of gas on the market, moderates.

Photo: Shutterstock

CEZ produces electricity

However, CEZ has a privileged position on the Czech market after all. While other electricity and gas suppliers are mostly dependent on how they manage to buy and then sell commodities, the advantage of this semi-state giant is the fact that it produces electricity on a large scale.

And in such a quantity that it far exceeds the needs of Czech households. ČEZ still sells electricity abroad. Unfortunately, Czechs have to buy it at the same prices, because these are determined by the market on the stock exchange. Many do not understand this and demand that this company cap the prices at reasonable levels.

Photo: Shutterstock

The article is in Czech

Tags: largest supplier electricity gas stopped recruiting customers power

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