Analysts: electricity prices soared due to limited state action

Analysts ascribe the 62 percent rise in electricity prices in Czechia, the highest increase in the European Union in the first half of this year, to speculation on the energy exchange and limited state action. According to ENA analyst and executive director of the Association of Independent Energy Suppliers Jiri Gavor, the statistics for the first half of the year show that unlike other EU countries, the Czech government avoided across-the-board forms of aid. Electricity prices rose steeply despite the fact that Czechia exports electricity and the CEZ Group is one of the largest energy groups in Europe, having produced 55.9 terawatt hours of electricity last year. The situation is now gradually improving and prices on the market have started falling.