As of: January 31, 2024, 8:01 a.m
By: Franziska Kaindl
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The state's relief for electricity and gas has come to an end.
A change could now be just the right time for some consumers.
The price cap for electricity and gas should actually apply until the end of April 2024.
This would have capped the price of electricity at 40 cents per kilowatt hour and the price of gas at 12 cents per kilowatt hour.
However, due to the budget freeze, the federal government ended the aid at the end of 2023.
For consumers, this means: It could be worth changing providers again to save money.
Save on electricity costs: If you have a basic provider, you should switch
After the end of the electricity price cap, changing providers is more worthwhile than ever.
© Pete Muller/Imago
During the energy crisis in 2022, many households switched to local basic suppliers for electricity and gas because they offered the cheapest tariffs at the time.
However, the tide has now turned, as the comparison portal
Verivox
informs.
A three-person household with an annual electricity consumption of 4,000 kWh currently pays an average of 1,758 euros nationwide in the local basic supply tariff.
For comparison: In the cheapest available new customer offer with good conditions, consumers only have to shell out 1,028 euros.
That amounts to a saving of 730 euros.
According to Verivox
, this is well above the long-term average of 350 euros in potential savings.
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Basic gas supplies are also more expensive than those offered by providers
Customers can save even more on natural gas by switching from a local primary supplier to the cheapest gas tariff available to new customers.
For the former, with an annual consumption of 20,000 kWh, a nationwide average of 2,643 euros is due - for the latter, however, 1,646 euros.
A price difference of an average of 997 euros.
On average, the long-term price difference was around 540 euros.
“The government price caps for electricity and gas have no longer been effective since the beginning of the year.
All households now have to pay the full price of their current electricity and gas tariff again,” says Thorsten Storck, energy expert at
Verivox
.
“Anyone who is still on an expensive tariff will have correspondingly higher costs.
“That’s why electricity and gas customers should urgently check their current tariffs and change if necessary.”
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As the Federal Network Agency informs, there is no special right of termination due to the price increases after the price caps end.
For basic services, consumers can terminate their contract with two weeks’ notice.
Normally, the new provider takes care of the termination of the old supplier.