Energy experts are urging consumers to consider locking in fixed-rate contracts for up to two years, as current pricing offers significant savings compared to variable-rate plans. Households could save more than 10,000 crowns annually by opting for long-term contracts.
Lukáš Kaňok, director of Energo at Kalkulátor.cz, emphasizes that current fixed-rate contracts offer better value than spot market prices. “Now is an opportune time to sign a two-year contract, with rates lower than current gas market prices,” he advises.
The recommendation comes with added urgency as suppliers are expected to raise prices once current stock is depleted. Energy analyst Jiří Gavor from ENA concurs, noting that while energy prices are higher than last year on exchanges, retail offers are more competitive. He suggests that two-year contracts are now more advantageous than the shorter-term fixes he recommended last year.
The potential savings are substantial: households using gas for cooking and water heating can save over 10,000 crowns annually by switching suppliers, while those who also use gas for heating could save up to 18,000 crowns per year. For electricity users, households with average consumption of 3,000 kWh can save nearly 4,000 crowns annually by choosing the right supplier.
Looking ahead, experts predict less favorable conditions for consumers. The EU’s move away from Russian gas supplies and the ongoing Green Deal initiative, which will gradually phase out coal power plants, is expected to increase reliance on gas for electricity generation, potentially driving up prices.