Electricity prices are currently high, but the costs vary from provider to provider. Almost 11 percent of all households changed their electricity supplier in the past year.
According to the Federal Network Agency and the Federal Cartel Office, around 5.4 million household customers changed their electricity supplier in Germany last year.
This corresponds to almost eleven percent of all household customers and is the highest value since at least 2011, when 7.8 percent switched, as one of the drafts of the new monitoring report for the 2020 electricity and gas market in Germany has shown. Accordingly, household customers are increasingly choosing one directly
Supplier who is not the local basic supplier and therefore for a cheaper electricity supply contract. The number for 2020 includes almost 1.4 million changes of supplier due to relocation.
Switching is associated with savings in most cases
The editors of the report, the Federal Network Agency and the Federal Cartel Office, recommend consumers to find out about their contract status and the current prices of their electricity suppliers and to compare them with those of other suppliers. “A change of the contract with the existing supplier or the change of the supplier are connected with a saving in most cases”, it says in the report.
According to the report, 38 percent of household customers have a contract with a supplier who is not the local default supplier. The remaining 62 percent get their electricity from the basic supplier. Around 25 percent of this is accounted for by the classic basic service. The remaining 37 percent of household customers are supplied via a contract with the local basic supplier, but outside of the basic supply. “The position of the basic suppliers in their respective supply areas remains strong,” says the report. On average, household customers could choose between 142 electricity providers in their respective grid area in 2020. In 2019 there were still 138.
Source From: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
