The cartel office announces investigations against Eon because of a 45 percent increase in electricity prices

The cartel office announces investigations against Eon because of a 45 percent increase in electricity prices

According to a report by www.n-tv.de, complaints from consumers about high energy costs are increasing, especially after Eon announced that it would increase basic electricity prices by up to 45 percent. The cartel office is now planning to investigate black sheep among energy suppliers.

The massive increases in electricity prices, especially from Eon, are met with criticism as energy prices on the stock exchange have fallen and other providers are offering cheaper tariffs again. According to Amelie Vogler from the North Rhine-Westphalia Consumer Center, Eon's announced price increases are very drastic and unfair to consumers. The Federal Association of Consumer Organizations is also reporting an increase in complaints from consumers about price increases in the electricity sector.

The Federal Cartel Office is planning investigations in connection with the supervision of abuse of price caps against energy suppliers, since, according to the authority, a four-digit number of complaints about energy prices has been received since the end of 2022. The price brakes were introduced due to massive increases in prices for energy products and have been in effect since March.

If the cartel office identifies black sheep among energy suppliers and takes measures to combat excessive prices and abuse, this could lead to fairer prices and competitive conditions in the energy market. Consumers could thereby benefit from fair and transparent tariffs offered in a competitive environment.