Financial expert: Vzbv advises looking for new gas and electricity contracts - falling prices

Financial expert: Vzbv advises looking for new gas and electricity contracts - falling prices

According to a report by Stern.de, the Federal Association of Consumer Organizations (vzbv) recommends consumers to look for new gas and electricity contracts before winter, as the prices for new contracts are currently falling. However, consumers' willingness to switch to another provider is quite low. Vzbv boss Ramona Pop emphasizes that it is still advisable to look around to see whether there might be cheaper providers. It is important to pay attention to whether the new provider is reputable.

The recommendation to look for new gas and electricity contracts before winter is certainly justified. Current prices for new contracts have fallen, which could have a positive impact on consumers. In many cases, switching providers can lead to significant savings in energy costs. Nevertheless, when changing providers, it is important to pay attention to the reliability of the new provider in order to avoid possible problems.

The vzbv's recommendation could therefore lead to more consumers showing interest in finding new providers and switching in order to benefit from the currently lower prices. This could, in turn, lead to increased competition among energy providers, which could lead to better choice and cheaper prices for consumers in the long term.

It is therefore advisable to look for new gas and electricity contracts now and compare the offers from different providers in order to benefit from the current price advantages.

Source: www.stern.de