Number of Czechs changing their power supplier more than doubles in 2011.

By bne IntelliNews January 3, 2012
A total of 448,860 Czechs changed their electricity supplier last year, which is more than two times higher than in 2010, CTK newswire reported citing data from the energy market operator OTE. Most of the clients that shipped suppliers in 2011 were households who left dominant power providers CEZ, Prazska Energetika and E.ON because their prices are too high. CEZ increased its electricity prices for households by nearly 5% as of January 2012, Prazska Energetika by 2.7% and E.ON by 0.1%. On the gas market, the number of Czechs who changed their supplier last year increased more than fourfold to 361,941. RWE Transgas, the countrys dominant natural gas supplier, lost 13% of its clients in the last two years because its prices are too high, company spokesman Martin Chalupsky said earlier. RWE has a long-term contract with Russias Gazprom for the supply of gas until 2025, while alternative gas sellers pay 15% to 20% less on the spot market. Higher oil prices and the depreciation of the Czech crown towards the US dollar have forced gas suppliers in the country to raise prices. RWE increased prices for households four times in 2011.
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