The capping of electricity prices was approved. Will this help anyone at all?

It looks like the continuous debate on how the government should go about reducing electricity for the end consumer is over. After the House, the Senate also approved the amendment to the energy law, which was confirmed by the President's signature. How will the price of electricity change and what will it mean for the economy and possibly for CEZ shareholders?

What does the amendment to the law entail?

The most important one is undoubtedly the introduction of a maximum price for both power electricity, i.e. the electricity actually consumed, and gas. The price for electricity is to be a maximum of CZK 6 per kWh, for gas including VAT for small consumers CZK 3 per kWh. The final price of electricity should then be between CZK 7 and 9 per kWh. The amendment is also intended to better protect consumers whose contracts are based on prices derived from the stock exchanges.

Theprice ceilings are being lowered for households, entrepreneurs (natural persons), but also for companies (legal…