Energy Costs Drop: The Best New Deals

Households can save thousands of crowns annually by switching to a new energy supplier. Suppliers compete with new offers, with the latest price reductions from Centropol and MND. Customers who switch suppliers and choose a new one usually get the most advantageous prices.

E.ON, for instance, has a new offer for those who switch to them: a one-year price lock at 7.54 CZK per kilowatt-hour, whereas existing clients can lock in a two-year price of 50 cents higher. The average annual consumption of 3000 kWh represents a difference of 1500 crowns. MND’s new customers with the Spring 26 tariff will also save on gas consumption.

“The situation is even more favorable than at the end of last year when electricity prices fell below one hundred euros per megawatt-hour. Now it’s less than eighty euros,” says Jiří Gavor, an analyst at ENA company. He added that the relatively low demand from European economies is being reflected in this. What is bad for the economy is excellent for consumers, so big and smaller suppliers are improving their offers.

Experts expect further price drops and advise against entering into longer-term price locks. Instead, they suggest to stay on rolling prices. If one wants to fix the price, they should do it for a maximum of one year.

The long-term fix prevents consumers from profiting from the current development. “In the first half of the year, I still expect an improvement in offers for new customers. I would not commit to it for three years and postpone it for later. If there is a good offer, it is advisable to commit for a year. Or there are even short-term monthly fixes,” states Gavor.

The supplier selection can save tens of thousands annually for families in the house who, in addition to cooking and heating water, also heat with gas and consume three thousand cubic meters yearly.

Wood pellets and, even cheaper, firewood or coal, can be used for heating more cheaply than electricity or gas. According to the Czech Pellet Cluster, the prices will stay at seven to eight crowns per kilogram.

The main difference between a wood boiler and a pellet boiler is the difficulty of handling. Pellet boilers are effortless; small pressed rollers are transported to the boiler automatically. The boiler turns itself on, adds to itself, and even cleans itself.