More Hardship For German Consumers, Poor…Power Companies Announce More Rate Hikes Averaging 8.1%!

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Leading dailies in Germany are reporting today that power companies across the country will be hiking electricity prices once again in the February to April period, affecting millions of households.

This comes at the heels of a January price hike.

“The wave of electricity price increases in Germany is not abating. According to figures from the comparison and brokerage portal Verivox, 86 utilities have announced average price increases of 8.1 percent for the months February to April,” writes Germany’s flagship Frankfurter Allgemeine Zeitung (FAZ) here. “For a family with an annual consumption of 4000 kilowatt hours, this would mean additional costs of around 100 euros per year.”

Already in January, “543 basic utilities had already increased their electricity prices”, according to the FAZ. “The average increase was 5.4 percent.”

The price hikes come just as Germany’s electricity rates have become among the world’s highest. Annually tens of thousands of German households see their power cut off because they are unable to pay their bills.

A large portion of the rate hike is due to the feed-in tariffs for green energies such as wind and sun.

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11 responses to “More Hardship For German Consumers, Poor…Power Companies Announce More Rate Hikes Averaging 8.111!”

  1. Don B

    It has long been obvious to every well informed, unbiased person that more renewables (unreliables) lead to higher electricity prices.

    http://www.euanmearns.com/wp-content/uploads/2015/08/europeelectricprice.png

    1. Adam Gallon

      Be good to have that updated.

  2. RickWill

    Who could have forecast this! How is this possible when there is an ever increasing amount of free ambient energy being collected to supply electricity.

    Sebastion needs to provide some of his brand of wisdom here.

  3. tom0mason

    The price hikes come just as Germany’s electricity rates have become among the world’s highest. Annually tens of thousands of German households see their power cut off because they are unable to pay their bills.

    Hopefully these ‘tens of thousands of German households’ have voters in them and will pay attention when they next get a chance to vote. Maybe they will realize that the protesters in yellow vests over in France have a good point, and will take some action themselves.

    When politician fail to be held accountable for their actions — vote them out!
    When politician needless cause you to have more hardships than necessary — vote them out!
    When politician prefer to chase pipe-dreams and fantasies about ‘saving the planet’ over doing the best for their citizens — vote them out!

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