“Industry prices stable, especially for electricity”

Industry energy prices in Bavaria were “apparently completely stable”, writes Tilman Weber for Erneuerbare Energien. According to an analysis by the Bavarian Industry Association (vbw), higher oil, hard coal, natural gas and electricity costs drove up the association’s index for total energy costs for the fourth month in a row to a value of 88.3 in June 2016, compared to 78.7 in February. However, before that period, prices fell considerably in the winter months and were now only returning to the original level, Weber writes in his article (index was at 90.1 in November 2015). Bertram Brossardt, vbw managing director, also points out: “For months now, the price advantage of businesses has constantly melted away.” Electricity prices during the same period remained relatively stable with an index of 114.9 in June 2016, 112.6 in February 2016 and 114.9 in November 2015.

Read the article in German here and find the press release by vbw in German here.

Find out more in the CLEW factsheet on Industrial power prices and the Energiewende.