Moderate power price increase for German households

Power prices for an average German four-person-household will be about one percent higher in January 2017, compared to the same month last year, according to price comparison website verivox. That would lead to an annual total of 1,111 euros. “Following a price decrease of about two percent over the past three years, the trend will be reversed at the beginning of the year,” said Jan Lengerke, a member of the management at verivox. Regional differences are big and some suppliers increased prices by up to 15 percent, writes verivox in a press release. The suppliers passed higher costs for levies and fees on to the customers, such as the Renewable Energy Act (EEG) surcharge and grid fees. About a third of suppliers had raised prices throughout 2016 and 350 companies announced higher prices for the start of 2017, according to verivox.

Read the Verivox press release in German here.

For background read the CLEW factsheet What German households pay for power.