Czech Minister of Economy and Finance Zbinek Stanyura
In the Czech Republic, authorities are considering significantly lowering electricity prices for industry through market intervention, Reuters reports.
Finance Minister Zbinek Stanyura said that 200 euros per megawatt hour would be an appropriate “ceiling”. It could be imposed before the end of this year and be in force for the next two years.
The Czech government also limits electricity prices for households and state institutions. A bill will be presented to parliament that would oblige electricity producers to sell at least 20 percent of their output to the state – so that institutions such as hospitals and schools can be supplied at affordable prices.
How much all these measures will cost the state is not clear. A few days ago, Stanyura told a Prague daily that the costs of anti-crisis measures could swell to 130 billion crowns (more than 5 billion and 200 million euros).