German households pay 6 pct less for energy than year ago - report

German households' energy costs have fallen by six percent compared to last year, according to price comparison website Verivox. While using heating oil was 29 percent cheaper in March, gas prices fell more than four percent, and petrol and diesel by more than six percent. In contrast, power prices were almost three percent higher. "With the fall in prices on the commodity markets, energy costs for private consumers fell by over five percent from February to March alone. This is the biggest drop we have seen so far on a monthly basis," says Verivox energy expert Valerian Vogel. Overall, households' average energy costs fell to 3.588 euros per year in March from 3.814 euros in March 2019.