Why are energy prices dropping in Germany?

Energy prices in Germany are dropping due to lower purchase prices compared to the previous autumn and winter seasons. This adjustment is a regular occurrence during the turn of the year, and it reflects the country's efforts to stabilize energy costs for consumers.

How will the price reductions impact households in Germany?

Approximately 4.7 million households in regions affected by electricity price cuts are expected to benefit, with 1.1 million households witnessing a notable 12 percent reduction in their electricity bills. However, 900,000 households may experience minor price increases.

What is the expected future average electricity and gas price in Germany?

Verivox estimates the future average electricity price to be around 46 cents per kilowatt-hour, slightly exceeding the government-mandated cap of 40 cents. For natural gas, the projected average price is approximately 14 cents per kilowatt-hour, slightly surpassing the existing price cap of 12 cents.

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Mahek ThakreNovember 16, 2023
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