Government caps gas and electricity prices for large firms

The Czech government has approved a measure capping electricity and gas prices for large firms at the same level as prices for households and small firms that are already in place. Industry Minister Jozef Síkela said the measure was to help large companies survive and stay competitive. The price cap for large companies will be set at 5 crowns per kilowatt hour of electricity and 2.5 crowns per kilowatt hour of natural gas, excluding value-added tax. It will only apply to 80% of past consumption in order to promote savings.