Expert warns: Higher energy prices from 2024 - Do I have to change provider?

Expert warns: Higher energy prices from 2024 - Do I have to change provider?

According to a report by www.merkur.de,
Consumers should prepare for higher energy prices in 2024 and save money for additional payments. Why switching providers isn’t always worth it.

Electricity and gas prices will continue to rise dramatically from 2024, as the expiry of the energy price brake means that consumers will have to pay the full price of electricity. The increase in fees for network use and the cancellation of state subsidies also have a significant impact on the price increase. In addition, higher CO₂ taxes lead to an increase in the price of gas, which also has an impact on heating oil costs. These developments are worrying and place a financial burden on consumers.

The price increase means that consumers will have to expect rising energy costs, which will also affect their monthly expenses. This could lead to increased financial burden and reduce consumers' purchasing power. Furthermore, it could lead to reduced demand for energy-intensive goods and services, which in turn could impact the market.

It is recommended that consumers keep an eye on their energy costs and, if necessary, consider switching providers to save costs. However, it should be taken into account that the network fees are imposed by the electricity suppliers on the customers, which means that a change of provider would not bring any savings in this area. It is advisable to determine energy consumption and compare prices and services from multiple providers to make an informed decision.