Last week, the Czech Republic experienced its first sub-zero temperatures of the winter, but despite this, gas reserves in the country remained at their second-highest level since 2014, according to the country’s Minister of Industry and Trade, Jozef Síkela.

The Czech government is trying to decrease gas consumption due to supply problems linked to Russia’s military invasion of Ukraine, and is aiming to save 15 percent of gas this winter, or 800 million cubic meters. So far, over 180 million cubic meters have been saved.

According to Síkela, despite last week being the second coldest in the last four years, gas consumption was only 7 percent higher than in previous years and the price of gas fell below €110 per megawatt hour (MWh).

Article by Prague Forum