Electricity price for new private customers has more than halved since the peak of the energy crisis in 2022. For many households, the price reduction does not go down well.
Two experts blame consumers. “As long as people pay these high prices and don’t complain, they will continue to exist,” said Mathias Mier, energy economist at the Ifo Institute. Only ten percent of Germans change their electricity supply contract every year. Many households instead paid for their old, more expensive contracts.