Vliv Cen Elektřiny na Spotřebitelské Vzorce v České Republice

The main purpose of this thesis is to analyze the relationship between electricity price changes and the consumption behaviour of Czech households. Consumption patterns could be affected by different factors, such as the price of electricity or the general level of prices, the weather conditions, the economic state of the country, etc. With the COVID-19 Pandemic and war in Ukraine, the Czech energy sector has seen a significant shift in price tariffs and consumption changes. These changes have provided grounds for this research, taking the sample of 144 observations of each selected variable's monthly average from 2012 to 2023. The study was done in 2 parts using two different statistical approaches. The results showed that despite price increases, consumption changes slightly, but the relationship is still statistically significant. This means that Czech households view electricity as essential and don’t have alternative sources to substitute electricity. Moreover, due to the specifics of the Central European climate, people adjust their consumption based on the season. This was proven statistically as well, as weather was the statistically significant factor that indicated that during winter, people do not react to changes in price as significantly as they do during summer.