In January 2020,
“543 basic utilities
had already increased
their electricity prices”,
according to the FAZ.
“The average
increase was 5.4%.”
German media
are reporting
a second round
of electricity
price hikes in 2020,
and the year 2020
is far from over.
Power companies
across the country
will be hiking
electricity prices
in the February
to April period,
affecting millions
of households.
“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
Frankfurter Allgemeine
Zeitung (FAZ)
“For a family with
an annual consumption
of 4000 kilowatt hours,
this would mean
additional costs
of around 100 euros
per year.”
Most of
the rate hike
is due to the
high costs of
green power,
such as from
wind and sun.
Germany’s
electricity rates
have become
among the
world’s highest.
Tens of thousands
of German
households
have their electricity
cut off each year,
because they are
unable to pay their
electricity bills.