E.ON, an energy provider, is set to decrease gas prices for its current customers without fixed contracts by 16% starting from September 1. This move, aimed at supporting customers as the heating season approaches, will lead to a 25% reduction compared to government-imposed price caps. Roughly 140,000 clients stand to benefit from this initiative, paying around 2,321 CZK (with VAT) per delivered megawatt-hour (MWh) of gas. E.ON emphasized that this measure will save customers 436 CZK per MWh compared to current prices, and up to 704 CZK per MWh in comparison to the prevailing price ceilings. This translates to approximately 6,500 CZK in annual savings for a household with an annual gas consumption of 15 MWh.

Jan Zápotočný, Vice Chairman of the Board of E.ON Energie, highlighted the company’s commitment to acting as a stable and equitable energy supplier, protecting customers from market fluctuations. E.ON is also considering reducing electricity prices for its existing customers in line with market conditions.

Additionally, E.ON will reevaluate current customer deposits, potentially issuing new breakdowns based on consumption data. The company also intends to engage with clients who hold long-term commitments to E.ON, planning to introduce a new offer during the autumn. This offer will include a two-year fixed product with prices set more than 20% below the present price ceiling for electricity and more than 30% below that for gas.

E.ON’s decision to lower gas prices is the second instance this year. The company started offering prices below government-set ceilings for both gas and electricity in February. Other major energy suppliers, including Innogy, Centropol, Prague Gas Works, and ČEZ, have similarly offered lower prices in the earlier part of the year. Industry analysts predict that consumer energy prices may continue to decrease in the upcoming weeks, with prevailing market trends favoring lower rates.

E.ON’s proactive approach in reducing gas prices demonstrates its commitment to providing cost-effective energy solutions to its customers and responding to their needs, especially in anticipation of the higher gas consumption during the approaching heating season.

Article by Prague Forum