The price wave is coming to gas consumers in Germany. The Federal Network Network and experts expect that deductions for heating bills will increase significantly. The background is the explosion of prices in the energy markets. There is no relief ahead.
“For those who now have access to their heating bills, deductions are already doubling – and the consequences of the war in Ukraine are not even considered,” said Klaus Müller, president of the Federal Web Agency, a German editorial network. “From 2023, gas consumers will be forced to expect discounts to triple, at least.”
Additional costs may continue to rise
The Consumer Confederation of Trade Unions estimates that a household with an average of 20,000 kilowatt hours of gas consumption will already have to calculate an additional cost of 1,000 to 2,000 euros this year. “This amount could be significantly increased, especially if the rapidly increasing price of gas exchange was passed directly to private households,” energy expert Thomas Engelke said Thursday.
Thorsten Storck, an energy expert from the Verivox comparison site, explained that gas prices had not yet reached households, or to a lesser extent. “However, given the current market development, doubling or even tripling the gas bill compared to the previous year is quite real.”
When asked who currently pays 1,500 euros a year, Müller said that in the future it will be 4,500 euros: “Or even a little more, I think that’s quite true.” Some prices in the stock market have increased sevenfold. “Not all of these are accessible to consumers immediately and are not perfect, but at some point they have to be paid for.”
Referring to representative studies, Verivox reported that only every third household received an annual gas bill. The good half of them had to make an additional payment of an average of 227 euros. In good households among the three gas-fired households, deductions for the next summer season have increased by an average of 52 euros per month. For new customers with 20,000 kilowatt hours of gas consumption, prices would increase by an average of 159 percent or 1963 euros per year compared to the previous year.
Historically higher wholesale prices
Due to stock market prices, gas price pressures are very high, said the Federal Energy and Water Industry Corporation. “As part of their procurement strategy, suppliers do everything they can to reduce the burden on consumers. It is important to save energy to reduce costs.
Depending on when the service provider purchased, the final customer price also drops, said a spokesman for the municipal services association VKU. “Basically, you have to assume that prices will go up: for public services, for end customers.”
Steffen Suttner, managing director of energy at the Check24 comparison website, said that energy prices would reach private gas customers at a later date. If the amount purchased by suppliers before the crisis is not used, they will be forced to buy on the stock market at the current record price. “Annual calculations and thus deductions can increase three to five times.” Müller suggested gas customers to add discounts voluntarily. The BDEW explained: “This means that the expected increase in costs could spread for several months.”
Concerns about stopping gas supply after repairs
Gas prices have already risen before the war in Ukraine. Since then there has been a dramatic increase. Mentioning technical problems, Russia had reduced supplies through the Nord Stream 1 gas pipeline. The main concern is that Russia will not re-ignite the pipeline after repairs, which usually take up to ten days. This could exacerbate the situation and cause prices to rise.
Energy suppliers such as Uniper are already under pressure. The group is discussing a rescue plan with the federal government. Uniper should buy gas on the market. The group has not yet been able to pass the most expensive of this on to its customers. This leads to liquidity problems. It is believed that the federal government will make it possible for the price jump to be passed to all customers through tariffs.
Consumer centers asked the federal government to prepare a third aid package. “Price shocks for low-income households must be prevented,” Engelke said.
© dpa-infocom, dpa: 220714-99-14452 / 6 (By Andreas Hoenig, dpa)