(CIANEWS) - Thermal power plants belonging to Energetický a průmyslový holding (EPH) will increase the price of their production by 4.8% from January 1, 2023. Given inflation, this represents a reduction of around 10% in real prices, despite a significant increase in costs. This move was made possible by the capping of electricity producer prices and windfall profit taxes, which left some room for thermal power plants to make profits in the electricity sales segment. Daniel Častvaj, EPH's communications director, added that if the European Commission accepted the Czech legislation and mitigated the impact of allowances on the heating industry, the company would immediately reflect this positive effect in heat prices.