As of: February 13, 2024, 11:56 a.m
By: Nico Reiter
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Many electricity providers will increase their prices from March 2024.
Many consumers then pay significantly more - and should think about switching providers.
Munich – From March onwards, some households will have to dig deeper into their pockets.
Nationwide, 106 electricity providers are increasing their prices in the coming months.
According to the Verivox portal, a three-person household with an annual consumption of 4,000 kilowatt hours must
You will pay 137 euros more on your electricity bill in 2024.
Private households in particular will be burdened by these changes.
Network fees will rise by 25 percent in 2024 – impact on electricity prices
Due to the elimination of the state subsidy of 5.5 billion euros for transmission network fees, electricity network fees will rise by around 25 percent.
The subsidy was canceled in the wake of the budget crisis.
Distribution network operators are now passing these additional costs on to households.
Households in Baden-Württemberg and North Rhine-Westphalia are particularly badly affected, according to Verivox.
The impact is weakest in Mecklenburg-Western Pomerania and Brandenburg.
Electricity prices rise for some providers in March.
(Symbolic photo) © blickwinkel/Imago
Electricity prices 2024: Which providers will increase?
In 2014, the average price for a kilowatt hour of electricity was around 28 cents/kWh.
In January 2024 this will be around 37.37 cents/kWh.
The price has risen by a full 32 percent in ten years.
According to the Verivox consumer price index, this makes it one of the highest in the world.
Electricity in Germany is almost three times more expensive than the international average.
106 electricity suppliers are adjusting their prices this year.
According to data
provided to
IPPEN.MEDIA by Verivox, this affects some customers more than others:
Provider and tariff |
Price increase with 4000 kWh consumption annually (source: Verivox) |
|---|---|
WSW Energie & Wasser AG (WSW STROM CLASSIC) |
267.21 euros |
EnBW Energie Baden-Württemberg AG (EnBW Komfort) |
243.08 euros |
Stadtwerke Freudenstadt GmbH & Co. KG (MeinLändleStrom Basis) |
177.6 euros |
Stadtwerke Mühlacker GmbH (basic supply) |
161.2 euros |
Stadtwerke Kelheim GmbH & Co. KG (Kelheim.BasisStrom) |
149.6 euros |
Stadtwerke Trostberg power supply GmbH (basic supply) |
146.66 euros |
Energy Supply Leverkusen GmbH & Co. KG (basis.öko) |
140.9 euros |
Energy Supply Leverkusen GmbH & Co. KG (online.öko) |
130.55 euros |
Energy supply Filstal GmbH & Co. KG (basic supply) |
128.8 euros |
Rheinhessische Energie- und Wasserbedarf-GmbH (single tariff GV) |
121.3 euros |
RheinEnergie AG (FairRegio electricity basis) |
120.86/138.4 euros |
Stadtwerke Dillingen/Saar GmbH (basic supply) |
118.52 euros |
Stadtwerke Pfarrkirchen (basic supply) |
114 euros |
Stadtwerke Stockach GmbH (Stockach BasisStrom Eco) |
112 euros |
Gaggenau public utilities (basic supply) |
110.4 euros |
Anyone who gets their electricity from EnBW Energie Baden-Württemberg will have to pay 243 euros more this year as a three-person household with 4000 kWh.
For customers of WSW Energie & Wasser in Wuppertal, the increase is 267 euros.
The Trostberg public utility company from Bavaria charges around 147 euros more.
Even though prices are mostly rising, there are occasional exceptions.
For example, according to Verivox, prices are falling at Stadtwerke Pappenheim in Bavaria, Stadtwerke Borken/Westfalen GmbH and Stadtwerke Rhede.
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New electricity provider: When does it make sense to change?
“But there are also electricity providers who do not increase their prices thanks to lower procurement costs.
We therefore advise everyone who is affected by price increases or is still stuck with expensive tariffs from the time of the energy price crisis in 2022 to compare the available offers and, if necessary, change.
Anyone who switches from the basic supply tariff to the cheapest offer with a price guarantee can currently save over 700 euros per year on average across Germany,” says Thorsten Storck, energy expert at Verivox.
The upcoming price increase can be partially cushioned by changing provider.
There are often cheaper offers for new customers or, in some cases, even a few free months to get you started.
According to Verivox, the gross electricity price for new customers is around 26 cents per kilowatt hour (kWh).
Compared to the average of 37.27 cents, you can often save a lot by taking out a new contract.
In the event of a price increase, there is a special right of termination, the consumer advice center informs.
This can usually be used until the date of the price change.
Cancellations must always be made in text form.
In addition, a new provider should be found as quickly as possible to prevent a gap in the electricity supply.
According to Check24
You can currently save up to 800 euros by switching providers.
It is also recommended to conclude new contracts with a price guarantee in order to avoid increases.
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