German wholesale power price rises by 50 percent over two years
Germany’s energy retail companies face rising costs for purchasing power at the wholesale market, the energy industry lobby group German Association of Energy and Water Industries (BDEW) says in a press release. In 2016, energy companies on average paid 33.5 euros per megawatt hour (MWh for the following year. But in 2018, the figure had climbed to 50.5 eur/MWh, the BDEW says. The group says the increase in prices for CO2 emissions is partly responsible for the rising prices and estimates that the costs passed on to customers will outweigh possible price reductions for other components of the power price.
Find the press release in German here.
See the CLEW factsheet What German households pay for power for more information.