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Heating economically despite rising energy costs: financial expert gives tips
According to a report from www.merkur.de, the consumer advice center is currently advising homeowners against installing a new gas or oil heating system. This is due to rising gas and oil prices, which could lead to significant price risks. Since January 1, 2024, the CO2 price for natural gas and heating oil per ton has been 45 euros, compared to 30 euros previously. The consumer advice center also warns of a further increase in the coming years. In addition, there are no energy price brakes and a higher VAT for natural gas, which further increase costs for consumers. The development of emission costs shows that gas and oil heating represent high price risks for consumers. However, homeowners have...
Heating economically despite rising energy costs: financial expert gives tips
According to a report from www.merkur.de, the consumer advice center is currently advising homeowners against installing a new gas or oil heating system. This is due to rising gas and oil prices, which could lead to significant price risks. Since January 1, 2024, the CO2 price for natural gas and heating oil per ton has been 45 euros, compared to 30 euros previously. The consumer advice center also warns of a further increase in the coming years. In addition, there are no energy price brakes and a higher VAT for natural gas, which further increase costs for consumers. The development of emission costs shows that gas and oil heating represent high price risks for consumers.
However, homeowners have options to reduce their energy costs. For example, retroactively insulating a house can save more than 40 percent on heating costs. In addition, the optimized heating control offers potential for reducing heat losses, lowering flow temperatures and adapting heating times to requirements. Hydraulic balancing of the central heating can also help. Small changes in heating behavior, such as venting the radiators or lowering the room temperature, can also reduce energy consumption.
It might also make sense to consider switching providers to potentially save costs. However, consumers should carefully compare different options before acting hastily.
Rising gas and oil prices are expected to have a significant impact on the market. Homeowners could increasingly opt for alternative heating options such as heat pumps or solar thermal energy in order to reduce costs in the long term and become less dependent on fossil fuels. This could lead to an increased decline in demand for gas and oil heating, while alternative heating technologies become more important. At the same time, energy providers may be forced to adapt their pricing models to remain competitive and meet consumer needs.
Read the source article at www.merkur.de