Residents of the Czech Republic reduced the consumption of gas and electricity due to rising energy prices

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© / Alexey VitvitskyPrague

Prague - 1920, 04/10/2023

MOSCOW, April 10 – Czech citizens reduced gas and electricity consumption in the first quarter of 2023 compared to the same period last year, reports on Monday Czech radio with reference to the Electricity Regulatory Authority.
In the first quarter of 2023, the Czechs used 13.3% less gas and 5% less electricity than in the same quarter of the previous year, according to the Electricity Regulatory Authority, the report said.
This March sees even bigger savings compared to the March 2017 to 2021 averages, with gas consumption down 17.4% and electricity down 7%.
According to Czech Radio, these figures continue the trends of last year: gas consumption in 2022 was the lowest in eight years. Rising energy prices are cited as the main reason for savings.
Gas prices in the European market rose significantly in the spring of 2021. At that time, TTF gas quotes fluctuated in the range of $250-$300 per thousand cubic meters, by the end of the summer they exceeded $600, and in the autumn – already $1,000. In the winter of 2021-2022, prices crossed the threshold of $2,000 per thousand cubic meters, and in early spring, due to fears of a ban on the import of Russian energy resources, they reached a record high of $3,892 per thousand cubic meters.
Earlier it was reported that the Czech Republic completely stopped importing gas from the Russian Federation from the beginning of 2023.
The West stepped up sanctions pressure on Russia over Ukraine, which led to higher prices for electricity, fuel and food in Europe and the United States. Russian President Vladimir Putin has previously stated that the policy of containment and weakening of Russia is a long-term strategy of the West, and sanctions have dealt a serious blow to the entire global economy. According to him, the main goal of the West is to worsen the lives of millions of people. The Russian Federation has repeatedly stated that Russia will solve all the problems that the West creates for it.

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