Innogy will increase gas prices by more than ten percent

The new gas prices will affect only a small part of innogy’s customers, the company said. “Most of our existing customers will not be affected by this price increase at all; of course, we will adhere to long-term fixed-price contracts,” said David Konvalina, director of the innogy group for retail and marketing. “We last adjusted the gas prices for the Standard product last autumn, when we reduced it by five percent,” added Tomáš Varcop, the head of the innogy group.

Innogy is the largest gas supplier in the Czech Republic, with 1.1 million gas customers and about half a million electricity customers. According to the company, the new innogy price list represents an increase in the monthly payment of CZK 15 for a model customer who only cooks on natural gas. The customer in the apartment pays 70 crowns a month, and for a family in a smaller family house, the monthly costs of hot water heating and gas heating will increase by 200 crowns, said innogy.

Despite the rise in wholesale prices, the company recommends fixing energy supply prices. “More than half of our customers currently rely on the security and stability associated with our fixed products. Choosing a reliable supplier was a prudent step for customers. Especially today, at a time when some competitors are unfairly transferring clients to several times higher market prices, or fixed contracts terminate them, “added Konvalina.

Why are energy prices rising?

CEZ also admitted a possible increase in price. “Last year, ČEZ reduced the prices of electricity and gas on all products and we keep these advantageous price lists for our customers unchanged for an indefinite period of time,” said ČEZ spokesman Roman Gazdík. “Unfortunately, wholesale gas prices remain at record levels, so they will eventually be reflected to some extent in the final prices for customers,” he added.

Due to the situation on the market, Pražská plynárenská will most likely also have to rise in price. According to company spokesman Miroslav Vránek, this would only apply to a small proportion of customers using the basic price list. “Customers using various fixed price products would definitely not be affected by the increase, of course we will keep the previously agreed prices there,” said Vránek. The company is currently negotiating the date of a possible increase in price and other details.

Wholesale electricity and gas prices have recently risen to record highs, with some supplier price lists rising by tens of percent or even multiply. In addition to the impact on consumers, the situation has also caused problems for some suppliers. In recent days, the largest energy suppliers such as ČEZ, PRE, E.ON or innogy have seen a huge interest from customers of some smaller suppliers, some companies are talking about thousands of new demands a day.


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