Electricity and gas prices are gradually falling after the price shock. However, it is still comparatively expensive for consumers.
Despite a decline, natural gas and electricity cost significantly more in the second half of 2023 than before the energy crisis as a result of Russia’s war of aggression against Ukraine.
Private households paid an average of 11.41 cents per kilowatt hour of gas, according to the Federal Statistical Office. That was 6.9 percent less than in the first six months of 2023. Compared to the second half of 2021 – the comparable period before the Ukraine war – household customers had to pay 67.1 percent more despite government price caps.
Electricity cost consumers an average of 41.75 cents per kilowatt hour. That was 1.3 percent less than in the first six months, but 19.4 percent more than in the second half of 2022 and 27 percent more than before the crisis. The prices take into account the government price brakes for electricity and gas that will apply until the end of 2023. The traffic light coalition tried to relieve the burden on consumers.
Source: Stern
