State-regulated electricity prices to fall next year, but people will still pay more

State-regulated electricity prices will fall by 16.7 percent next year, the Energy Regulatory Office announced at a press conference on Wednesday. However, electricity will still be more expensive because of high electricity prices on the energy market. Gas prices, on the other hand, will rise by 1.7 percent.

The state's compensations to cover the technical losses of the Energy Regulatory Office have contributed to the fall in regulated prices. Next year, the state will provide the authority with a total of CZK 38.1 billion. Energy prices have risen by tens of percent this year.