SUBSCRIBE
PROFILE

The Czech Republic exposes its Plan

The Czech Republic announces its strategy to combat rising prices. It would cost more than $5 billion.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

In the Czech Republic, the government’s national plan to alleviate rising electricity costs would cost up to $5.3 billion. According to the Minister of Finance, the text would include a form of price cap. In addition, the country is starting to implement a reduced electricity tariff for households.

Czech Republic announces new taxes

In the Czech Republic, Finance Minister Zbynek Stanjura says a windfall tax is being considered. According to the interview given to the daily Hospodarke Noviny, the project would affect energy groups. However, some measures would also include refiners, banks, and fuel and electricity traders.

The new tax would thus be applied in parallel with plans to cap electricity prices in the Czech Republic. In addition, another source of funding would tax the dividends of the power producer CEZ. According to the Minister of Finance, the company, which is 70% owned by the state, could record a record profit this year.

A government under pressure

In the Czech Republic, the government intends to unveil new measures next week to control rising electricity prices. These new measures are part of a pan-European solution being discussed by the EU Member States. The lower house of the Czech parliament is expected to debate a bill containing the government’s measures on September 16.

In the Czech Republic, the government is under fire for its slow response to the crisis. In fact, tens of thousands of people participated in a demonstration organized on September 3. Finally, the unions are also planning a new demonstration in October to protest against soaring prices.

  • Popular on energynews.pro
bp divests non-controlling interests in US onshore midstream assets for $1.5 billion
Washington’s shift on Chevron disrupts Venezuela’s oil economy
G7 launches over 20 projects to counter Chinese influence on critical minerals
Ghana invests $200mn in rooftop solar to ease grid pressure
Washington invests $100mn to modernise coal plants as exports drop 11%
Algeria to launch SCADA system modernisation of national power grid in 2026
The Algerian government plans a full upgrade of the SCADA system, managed by Sonelgaz, to improve control and supervision of the national electricity grid starting in 2026.
SEEG launches emergency plan to curb energy fraud in Gabon
Facing annual losses estimated at up to $66mn, SEEG is intensifying field inspections and preparing the rollout of smart meters to combat illegal connections.
United Kingdom stays on course for 2030 despite political divisions
The British government confirms its ambition to decarbonise the power sector by 2030, despite political criticism and concerns over consumer energy costs.
Enedis commits €250mn to upgrade Marseille’s electricity network
Enedis plans a €250mn ($264mn) investment to strengthen Marseille’s electricity grid by 2030, including the full removal of paper-insulated cables and support for the port’s electrification.
G7 launches an alliance to secure critical minerals outside China
Energy ministers coordinate investment and traceability to curb China’s dominance in mineral refining and stabilize supply chains vital to electronics, defense, and energy under a common G7 framework.
Artificial intelligence fuels global energy crisis and derails climate targets
Electricity demand, amplified by the rise of artificial intelligence, exceeds forecasts and makes the 2050 net-zero target unattainable, according to new projections by consulting firm Wood Mackenzie.
Norwegian fund generates €88 billion in gains through financial markets
Norway's sovereign wealth fund generated a €88 billion profit in the third quarter, largely driven by equity market performances in commodities, telecommunications, and finance.
Germany moves to ease grid regulation to attract infrastructure investors
The German regulator is preparing a reform favourable to grid operators, aiming to adjust returns and efficiency rules from 2028 for gas pipelines and 2029 for electricity networks.
Bill Gates calls for climate priorities to refocus on human welfare
Bill Gates urges governments and investors to prioritise adaptation to warming effects, advocating for increased funding in health and development across vulnerable countries.
Malaysia strengthens public investment in gas and solar energy
The Malaysian government plans to increase public investment in natural gas and solar energy to reduce coal dependency while ensuring energy cost stability for households and businesses.
Structural imbalances hinder the efficiency of public climate finance
The study by Özlem Onaran and Cem Oyvat highlights structural limits in public climate finance, underscoring the need for closer alignment with social and economic goals to strengthen the efficiency and resilience of public spending.
ExxonMobil sues California to block climate disclosure laws
Oil major ExxonMobil is challenging two California laws requiring disclosure of greenhouse gas emissions and climate risks, arguing that the mandates violate freedom of speech.
Norway prevails at ECHR over offshore oil licensing dispute
The European Court of Human Rights ruled that Norway’s deferral of a climate impact assessment did not breach procedural safeguards under the Convention, upholding the country’s 2016 oil licensing decisions.
Singapore invests heavily in civil nuclear power and regional energy networks
Singapore strengthens its energy strategy through public investments in nuclear, regional electricity interconnections and gas infrastructure to secure its long-term supply.
Gabon invests FCFA560bn to regulate its gradual exit from oil
As oil production declines, Gabon is relying on regulatory reforms and large-scale investments to build a new growth framework focused on local transformation and industrialisation.
Cameroon to exempt biofuel equipment from customs duties starting 2026 to boost the sector
Cameroon will adopt a customs exemption on industrial equipment related to biofuels starting in 2026, as part of its new energy strategy aimed at regulating a still underdeveloped sector.
Bolivia allows private fuel imports to address supply crisis
Facing a persistent fuel shortage and depleted foreign reserves, the Bolivian parliament has passed an exceptional law allowing private actors to import gasoline, diesel and LPG tax-free for three months.
Ghana targets $16 billion in oil revenues despite declining production
Ghana aims to secure $16 billion in oil revenues over ten years, but the continued drop in production raises doubts about the sector’s long-term stability.
Kinshasa and Vingroup sign agreement for major urban and energy project
The government of Kinshasa has signed a memorandum of understanding with Vietnam's Vingroup to develop a 6,300-hectare urban project and modernise mobility through an electric transport network.
Rising electricity demand in Texas reshapes ERCOT’s energy mix
ERCOT’s grid adapts to record electricity consumption by relying on the growth of solar, wind and battery storage to maintain system stability.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.