Zastropování cen energií pro velké podniky

Energy price caps for large enterprises

On 14 December 2022, the Government of the Czech Republic approved a regulation extending the possibility of energy price capping to large enterprises.

The basic parameters of the regulation are summarised below:

• Price capping applies from 1 January 2023 until the end of 2023,
• The maximum price (excluding VAT and distribution charges) of electricity is set at CZK 5 000 per MWh and the price of natural gas at CZK 2 500 per MWh,
• The capping applies up to 80% of the highest monthly consumption over the last five years,
• The enterprise must provide a declaration to its energy supplier,
• The capping can be combined with other forms of aid under the Temporary Crisis Framework, but the total state aid cannot exceed EUR 2 million or EUR 4 million for an enterprise (higher limits for energy-intensive companies). If an enterprise exceeds this level of aid, it will have to reimburse the amount above the limit to the State budget. We have informed you about the possibility of obtaining subsidies for increased energy prices HERE, HERE and HERE.
• The Government of the Czech Republic is expected to adopt another regulation setting out the detailed conditions of the capping during January.

We would like to draw your attention to the fact that if a large enterprise intends to have energy prices capped already for January 2023, it must provide a declaration to its energy supplier by 15 January 2023. We will be happy to help you with the preparation of the declaration or with further support if you are interested.

If you have any questions, please contact the authors of this article or the EY team with whom you regularly work.

Authors:

Gabriela Dias

Ladislava Zamazalova

Jana Ulrichova