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Electricity prices will rise in 2024: There are changes to these providers

2024-02-19T11:22:06.835Z

Highlights: Electricity prices will rise in 2024: There are changes to these providers. Customers in Baden-Württemberg and North Rhine-Westphalia are particularly affected. The effects are lowest in Mecklenburg-Western Pomerania and Brandenburg. In 2014, the average price for a kilowatt hour of electricity was around 28 cents. In January 2024, this will already be around 37.37 cents/kWh. According to the Verivox consumer price index, the price of electricity in Germany is among the highest in the world.



As of: February 19, 2024, 12:12 p.m

By: Nico Reiter

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From spring onwards, many households will have to dig deeper into their pockets because electricity prices are rising nationwide.

Customers have these options.

Kassel – In March 2024, some electricity providers will adjust their prices.

This entails increased expenses for many households.

106 providers nationwide are affected by the changes.

According to the comparison portal Verivox, a household with three people and an annual consumption of 4,000 kilowatt hours will have to spend around 137 euros more on electricity in 2024.

These costs particularly burden private households.

25 percent increase in network fees – impact on electricity prices in 2024

According to Verivox, the impact on electricity prices is due to the 25 percent increase in network fees in 2024.

This is a consequence of the loss of the government subsidy of 5.5 billion euros for transmission network fees.

This subsidy was ultimately canceled in the wake of the budget crisis.

The electricity providers are now passing these additional costs on to households.

Those in Baden-Württemberg and North Rhine-Westphalia are particularly affected, while the effects are lowest in Mecklenburg-Western Pomerania and Brandenburg.

Electricity prices rise for some providers in March.

(Symbolic photo) © McPhoto/Imago

Electricity costs in 2024: These providers are increasing their prices

In 2014, the average price for a kilowatt hour of electricity was around 28 cents.

In January 2024, this will already be around 37.37 cents/kWh, which corresponds to an increase of 32 percent over ten years.

According to the Verivox consumer price index, the price of electricity in Germany is among the highest in the world and is almost three times higher than the international average.

A total of 106 electricity suppliers are adjusting their prices.

According to the data

provided to

IPPEN.MEDIA by Verivox, these affect some customers more than others:

Provider and tariff

Price increase with 4000 kWh consumption

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

Stadtwerke Gaggenau (basic supply)

110.4 euros

(Source: Verivox)

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According to the data, a three-person household that gets its electricity from EnBW Energie Baden-Württemberg will have to pay 243 euros more this year.

Customers of WSW Energie & Wasser in Wuppertal must expect an increase of 267 euros.

The Trostberg public utility company from Bavaria charges 147 euros more.

Even if the prices are mostly rising, they are falling for a few providers.

For example, at Stadtwerke Pappenheim in Bavaria, Stadtwerke Borken/Westfalen GmbH and Stadtwerke Rhede, prices are falling, according to Verivox.

When does it make sense to switch to another electricity provider?

“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.

Changing your electricity provider can help dampen the impending price increase.

There are often cheaper offers for new customers.

According to the comparison portal, 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.

The consumer advice center

points out that there is a special right of termination in the event of a price increase.

This can usually be used until the date of the price change.

Cancellations must always be made in text form.

It is also advisable to find a new provider as quickly as possible to avoid a power interruption.

According to Check24, up to 800 euros can currently be saved by switching.

In order to avoid paying more straight away, it is recommended that you conclude the new contract directly with a price guarantee.

This is how you get the most out of your change.

(No)

The editor wrote this article and then used an AI language model for optimization at his own discretion.

All information has been carefully checked.

Find out more about our AI principles here.

Source: merkur

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