Electricity and gas prices are going down – but energy remains expensive

Electricity and gas prices are going down – but energy remains expensive

From 14 to 23 percent: The energy prices at the local basic suppliers are falling again. Electricity and gas remain expensive, but switching can still be worthwhile.

According to a report, the falling prices on the energy exchanges are now also affecting the electricity and gas customers of the local default suppliers. As reported, a total of 91 electricity and 80 gas companies reduced their tariffs in May, June and July. Electricity will be around 14 percent cheaper on average, and gas around 23 percent.

“Energy price level remains high”

The record prices of the energy crisis are over, but overall “the price level remains high,” according to the information. According to Verivox, almost 80 percent of all electricity and almost 90 percent of all gas tariffs in the basic supply are above the price brakes.

The price brakes were introduced because of the massive rise in prices for energy products – they have been in effect since March and retrospectively for January and February. The price cap for electricity is 40 cents per kilowatt hour and for gas it is 12 cents per kilowatt hour.

“Save up to 500 euros on electricity”

According to the information, the prices of national suppliers are often well below the price brakes. Verivox energy expert Thorsten Storck told the “Süddeutsche Zeitung” that “by switching from the basic supply, a household can save an average of over 500 euros on electricity and over 600 euros on gas”.

According to the newspaper, consumer advocates warn against only looking at the cheapest providers. During the energy crisis, there were always problems with so-called energy discounters, according to Hans Weinreuter, energy expert at the Rhineland-Palatinate consumer advice center, in the “Süddeutsche Zeitung”. The consumer advice center can give consumers information about “which companies have become conspicuous in the past”.

Source: Stern

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