News Digest Item
22 Nov 2016

“251 suppliers increase power prices next year”


About a third of German utilities will raise their electricity prices by an average of 3.5 percent in 2017, according to price comparison website verivox. This means additional costs of 41 euros per year for an average four-person home. The suppliers passed on higher costs for levies and fees, such as the grid fees, on to the customers, according to verivox. Most utilities, however, hold off on price increases until later in the year. “We expect a second price wave in the spring of 2017,” said Jan Lengerke, a member of the management at verivox.

Read the press release in German here.

For background read the CLEW factsheet What German households pay for power.

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