Soaring Gas Prices: Pražská Plynárenská to Raise its Prices

From November 1, Pražská plynárenská will increase the price of its natural gas by an average of 24.6 percent.

The company has justified the increase due to the unfavorable market situation.

According to the company, “unfavorable and turbulent developments in the wholesale markets” are unparalleled in recent years, and the price of natural gas has multiplied in the last year.

Despite the continuous rise in natural gas prices throughout the year, Pražská plynárenská had previously tried not to pass on the consequences of this situation to its customers.

“However, this is unsustainable in the current situation in the long run,” said the company spokesman Miroslav Vránek.

The price increase will not affect clients with fixed prices, but it must be considered by households and small customers, who now use the basic Standard price list.

Pražská plynárenská has long been one of the largest domestic energy suppliers.

It supplies gas and electricity to about 425,000 consumption points.

The sole shareholder of the company is Pražská plynárenská Holding, controlled by the capital city of Prague.

 

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