When it comes to electricity, consumers face a further premium

Berlin / Essen (dpa) – Households in Germany have to adjust to rising electricity prices.

«The procurement costs that energy suppliers have to pay for electricity have been significant in recent months increased », said the head of the Federal Association of Energy and Water Management (BDEW), Kerstin Andreae, the German press agency. In the case of long-term deliveries, wholesale prices have doubled since the beginning of the year, and electricity purchased at short notice has even become three times as expensive. The increased procurement costs affect the end customer price with a delay.

The price for CO2 certificates has also increased in the past 24 more than doubled in months. In addition, the high prices in gas wholesaling also influenced the price of electricity, since generation in gas-fired power plants is becoming more expensive. “These effects cannot currently be compensated for by the falling costs of renewable energies,” said Andreae.

According to the comparison portal Verivox, the price for household electricity has already climbed to a record high. Currently, a kilowatt hour of electricity costs on average 30, 54 cents – more than ever before . A year ago the costs were 28, 65 cents. In the past 12 electricity has increased by 6.6 percent.

The Portal Check 24 reports that eight basic suppliers have already increased their electricity prices or announced increases. On average, the price increases amounted to 3.7 percent. For a model household with a consumption of 5000 kilowatt hours, this means additional costs of an average of 63 euros per year.

main price driver According to the industry association BDEW, it is not the more expensive generation. “From 100 euros electricity bills are more than 31 euros caused by the state,” said Andreae. Between 2010 and 2020 the burden for electricity customers through taxes, levies and surcharges is around 70 percent gone up. “This is not only an enormous burden for consumers, it also hinders the competitiveness of the business location and inhibits environmentally friendly electricity-based applications such as electromobility or hydrogen.”

Holger Lösch, Deputy General Manager of the Federation of German Industries , said the current soaring electricity prices are causing massive damage to the industry. The next federal government must tackle the high electricity prices as one of its first tasks.

The rising electricity price is increasingly becoming a nuisance for consumers. According to a survey for Verivox, three quarters of Germans are calling for the next federal government to take more stringent measures against the rise in prices. For this, every third person (31 percent) would even stick to nuclear power – that would be 11 Percentage points more than three years ago. However, the respondents do not have great hope of an end to the price increase: 70 percent do not assume that taxes and levies on electricity will decrease.

Market watchers expect a wave of price increases. “Most basic providers change their prices at the turn of the year. We therefore assume that more electricity providers will increase their prices in the coming months, ”said Verivox energy expert Thorsten Storck. “Because of the rise in electricity prices on the exchange, a price increase for household electricity of three cents per kilowatt hour would be expected in the coming year. Renewable energies are likely to cut the increase in half – to around 1.5 cents, ”assumes Philipp Litz of the Agora Energiewende think tank Promotion of green electricity systems is financed. So that the surcharge financed by electricity customers does not increase drastically, the federal government is stabilizing it for 2021 and 2022 with billions of euros from the budget. As a result, the surcharge has been limited to 6.5 cents this year, and next year it is expected to drop to 6 cents per kilowatt hour. BDEW boss Andreae calls for the surcharge to be completely eliminated in order to relieve consumers and the economy. In their election manifestos, all major parties promise to abolish or reduce the EEG surcharge.

So far this year, the federal government has paid 8.1 billion euros into the EEG fund. In the coming year, he could get away with it cheaper because of the high price of electricity on the exchange. “With rising electricity prices, the wind and solar plant operators generate higher income, which leads to a falling EEG surcharge,” says Agora expert Litz, explaining the mechanism renewable energies, emphasized Litz. In the first 100 days, a new federal government would have to triple the expansion rates for wind power and photovoltaics. “This is central to achieving the climate targets and helps to lower the price of electricity.”

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