Costs are rising due to decreased Russian gas exports and decreased French nuclear output.
According to Reuters, citing the Verivox prices portal, many households in Germany will experience yet another increase in their energy costs in January as a result of higher wholesale market prices and rising grid fees faced by power and gas suppliers.
According to Verivox energy expert Thorsten Storck, “the price level for energy is historically high and reducing the purchasing power of households.”
According to the portal, which has tracked 800 electricity and 700 gas suppliers, 137 regional power operators plan to raise prices by an average of about 61%, while 167 German gas suppliers plan to raise prices by an average of about 54%. The biggest economy in Europe may see an overall increase in energy costs of more than 50% as a result of this.
According to Reuters, German households’ electricity bills have increased by 5% since the beginning of the year, while their gas bills have increased by more than 40%.
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