Electricity price fear in Germany: Experts reveal how bad it really is | TechBuzz

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All of Germany is afraid of winter. While most Germans keep an eye on gas prices, there is also a risk of a huge wave of price increases for electricity. Comparison portals have now calculated how bad it really is.

Saving energy is the order of the day. Whether it’s via your own balcony power plant, switching off hidden power guzzlers or simple changes such as shorter shower times. Everyone can actively do something to reduce their own energy costs. The comparison portal Verivox now shows that this is sorely needed.

Electricity prices: Comparison portal expects additional costs of 311 euros per year

For the According to their own statements, the experts counted 123 price increases for basic suppliers in the months of August, September and October. On average, prices go up by 25 percent. That makes for a 3-person household with annual consumption of 4,000 kilowatt hours Additional costs of 311 euros per year (via Time).

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Broken down to the month, consumers therefore have to Spend 26 euros more on electricity, according to the calculations by Verivox. Check24 paints a darker picture, expecting a price increase of 47.4 percent for September.

A look at the European electricity exchange makes the enormous price increases in a short time clear. One megawatt hour currently costs 550 euros, which is equivalent to 55 cents per kilowatt hour. According to the Federal Association of Energy and Water Industries (BDEW), the average price in July was 19 cents. Within a few weeks, the Electricity price almost tripled.

Everything you need to know about the balcony power station trend:

Low water levels are also to blame for higher electricity prices

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The Ukraine war is said to be not the only reason for the surge in electricity prices. The low water levels on the waterways also play their part. Among other things, this hinders the delivery of oil and coal, which are also required for generating electricity.



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I am admin of techbuzz.asia blog & I provide tech-related news. As a part of my hobby, I make content related to technology and gadgets reviews too. I love to be a content creator apart from it, I am a full-time employee in an MNC company and manage blogs systematically. You can mail me at [email protected]

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