In 1Q 2019 net electricity consumption in the Czech Republic fell to 20.4 TWh, down 1.3 % y/y. Household consumption fell by 3.6 %.
According to the Organisation for Economic Cooperation and Development (OECD), the growth of Czech economy will slow down in the year 2019 to 2.6 % and in the year 2020 it will be to 2.5 %.
The GDP of the Czech Republic will grow by 2.5% in 2019 and by 2.4% in 2020.
The Ministry of Industry and Trade expected a more pronounced slowdown in economic growth.
Within the next three to five years, the Czech Republic and Hungary must invest in infrastructure and advanced technologies, otherwise their approximation to western countries will slow down.
The gross domestic product adjusted for price and seasonal factors grew 2.5% y/y and 0.5% q/q in Q1 2019, according to the preliminary estimation.
A total of 63% of Czech drivers would consider buying an electric car in the future.
Electricity consumption in the Czech Republic has been growing for five consecutive years and totalled 73.9 TWh in 2018 (up 0.2% y/y).
Export prices grew 2.6% year-on-year and import prices were 2.8% higher in March 2019.
Czech government approved on May 13, 2019, the proposed amendment to Greenhouse Gas Emission Allowance Trading Act.