According to Federal Network Agency President Klaus Müller, high electricity prices are unfortunately not a temporary phenomenon.

According to Federal Network Agency President Klaus Müller, high electricity prices are unfortunately not a temporary phenomenon.

According to a report by www.n-tv.de,

The Federal Network Agency expects electricity prices for consumers to remain high. Although wholesale prices for electricity have fallen compared to the previous year, they are still above the level before the Russian war of aggression. The President of the Federal Network Agency, Klaus Müller, is convinced that nothing will change for the time being. He justifies this by saying that the era of cheap energy is over as long as large amounts of conventionally generated energy are still being consumed.

The savings decisions of the new traffic light coalition, consisting of the SPD, Greens and FDP, also contribute to increasing electricity costs. Due to the abolition of planned subsidies amounting to 5.5 billion euros, consumers will have to pay higher network fees. An average four-person household is expected to pay 120 euros more per year. Müller is certain that network operators will quickly pass on the costs to customers, regardless of when the changes are implemented.

The impact of these decisions is expected to lead to a significant increase in electricity costs for consumers. The elimination of the planned subsidies and the shift to renewable energies will result in higher network fees, which ultimately have to be borne by consumers. This could lead to a burden on households and businesses and limit competition in some industries. Consumers should be aware that their electricity bills will increase in the foreseeable future.