Basic Info. Czech Republic Consumer Price Index: Energy is at a current level of 174.30, up from 174.10 last month and up from 135.30 one year ago. This is a change of 0.11% from last month and 28.82% from one year ago. Report. 1.2.1 The Czech electricity market is part of the larger Central European market as a result of extensive cross-border transmission capacities between the Czech Republic and neighbouring countries The expansion of larger PV or wind power plants is also likely to attract interest again, particularly in view of current electricity prices. Under certain conditions, the construction of such power plants will also make sense without operating incentives. The first corporate PPA has already been concluded in the Czech Republic. Prague's public energy company announces major price hike Pražská plynárenská has announced a significant price hike amid spiraling global energy prices. Written by Expats.cz Staff Published on 21.04.2022 15:29:00 (updated on 21.04.2022) Reading time: 2 minutes Fuel prices in the Czech Republic 23.11.2023. Average consumer prices of fuels (petrol, diesel and LPG) in the Czech Republic in 2019–2023, by month in CZK/liter. 41400. Average consumer prices of fuels (petrol, diesel and LPG) in the Czech Republic in 2018–2022, by month in CZK/liter . Average consumer prices of fuels (petrol, diesel and LPG) in CZK / liter. product. Inflation has reached a new peak but we expect it to rise further, mainly due to the announced energy price hikes for July and August. However, we believe that inflation near 20% year-on-year will not push the Czech National Bank (CNB) into raising rates in August. But further pressure on the koruna's depreciation could be a trigger. Advertisement. Havlíček has predicted increases in the price of electricity by 30-50% next year, and even bigger increases of 50-70% for gas. “It is assumed that these increases could be for most of next year,” he said. Proposals to limit the impact of this price hike tabled by the government would see VAT and the standard “renewables In 2023, the budget deficit is set to rise to 3.8%. This upswing is driven by expenditures increasing faster than GDP due to the automatic indexation of pensions to inflation, and measures to mitigate the impact of high energy prices. The total (net) budgetary cost of the energy-related measures is estimated at 1.2% of GDP in 2023. The Czech Republic also called for a relaxation of state-aid rules and welcomed the recent comments of Commission President von der Leyen on the role of nuclear energy in the EU Green Taxonomy. Prime Minister Andrej Babiš had previously joined Hungary in asking for a revision of ETS, with a cap on energy prices to be achieved through an upper erL4.