Energy price forecast: In 2024, the Czech Republic will no longer provide subsidies for electricity and gas, resulting in a projected 20 percent increase in regulated energy prices. This change comes as falling energy prices and the end of extraordinary circumstances led to the government's decision to align with a new methodology that calculates energy prices based on actual realized prices; this brings Czech energy prices more in line with EU standards. With the end of government subsidies, some households may experience higher heating costs. Prime Minister Petr Fiala expects the impact to be partially offset by declining prices, which would make it more manageable.