Financial experts warn of excessive electricity and gas discounts before the energy price brake comes into force

Financial experts warn of excessive electricity and gas discounts before the energy price brake comes into force

According to a report by www.merkur.de, the consumer advice centers warn against excessive discounts from electricity and gas providers before the energy price brake comes into force. According to the federal association VZBV, some providers are trying to cash in shortly before the energy price brake takes effect and are demanding completely excessive discounts. The energy price brakes are due to come into force on March 1st and will also apply retroactively to January and February. Consumers should automatically be relieved through lower advance payments or billing.

This approach by electricity and gas providers could lead to dissatisfaction among consumers. In particular, consumers who are supposed to benefit from the energy price cap could be financially burdened by excessive discounts. If individual providers actually demand excessive discounts on a large scale, this could ultimately lead to a loss of trust in the energy supply companies. Consumers could be forced to change providers or increasingly rely on alternative energy sources.

The impact of this approach could also have an impact on the market. Providers who charge excessive discounts could lose customers and thereby suffer a loss in sales. It could also lead to increased pressure from regulators to stop such practices and strengthen consumer protection.

Overall, it is important that consumer advice centers encourage consumers to report such incidents in order to uncover possible grievances and protect consumers. Transparency and fairness in the energy market must be guaranteed in order to maintain consumer trust and ensure fair energy supply.