Energy Prices Have Hit Bottom, Analysts Warn

The most significant energy price reductions are already behind us, and market analysts are cautioning against expectations of further decreases in 2025. The primary concerns driving this outlook are geopolitical instability and the possibility of a harsh winter.

Recent market analysis reveals that while consumers can still find savings by switching providers – potentially up to 4,500 CZK annually on electricity and 7,000 CZK on gas – the lowest offers have remained relatively stable in recent months. Several factors are likely to support rising prices, including the gradual phase-out of coal, uncertainty in gas supplies, and higher emission allowance fees.

Market expert Radim Dohnal from Capitalinked.com anticipates stable or slightly higher commodity energy prices, citing exhausted potential for further decreases. While geopolitical tensions could push prices upward, a weakening German industrial sector might have the opposite effect.

Given these uncertainties, analysts strongly recommend that households lock in current rates. Fixed tariffs are currently offering up to 20% savings compared to standard price lists. The recommended fixation prices range from 1,000 to 1,100 CZK per megawatt-hour for gas and 2,400 to 2,600 CZK for electricity.

While many Czech suppliers have announced price reductions effective from the start of next year, they emphasize that future pricing will depend heavily on market conditions. The Energy Regulatory Office is set to announce the regulated component of energy prices for 2025 this Thursday.