Stadtwerke Lüdenscheid: Financial expert warns of rising energy prices from 2024

Stadtwerke Lüdenscheid: Financial expert warns of rising energy prices from 2024

According to a report by www.come-on.de,

When the solution package for the federal government's pressing budget problems was presented in Berlin, those responsible at the Lüdenscheid public utility company were just as unenthusiastic as their customers who heat with gas or get electricity from their local energy supplier. Not only municipal utility customers are affected, but all electricity and gas customers. You should take action now - to prevent a rude awakening next year.

Due to the expiry of the price brakes announced by the traffic light government, the price of gas, electricity and district heating is rising significantly for consumers. The bitter thing: If the provider increases the price, a special right of termination applies. If, for example, the government no longer pays the 12 cents per kilowatt hour for gas that was previously allocated to cushion the high energy prices, then the special right of termination does not apply. The customer doesn't have a different contract, he just no longer has any government support to make the contract more bearable for him.

The calculated deductions will not be nearly enough to cover the costs. For an average family that heats with gas, an additional cost of 1,000 euros per year will be no exception, which was covered by the state this year. Even those who heat relatively normally must expect high additional costs.

Not just with gas: the state recently supported consumers with 9.5 cents per kilowatt hour for district heating, which will no longer be available. The electricity price brake has relieved consumers of all additional costs above 40 cents per kilowatt hour (for 80 percent of the previous year's consumption). Additional costs that consumers will now have to bear.

The Lüdenscheid public utilities state that the discount plans have already taken into account that the price caps will expire on December 31, 2023, but there will still be opportunities for a tariff change in the individual areas. For example, customers can receive individual advice via a customer portal or via well-known contact channels.

It is recommended that customers increase their deductions in the relevant deduction plans from January 1, 2024, as the deduction amount they have to pay may change. The abolition of price caps will be problematic for both customers and municipal utilities, as this will lead to an increase in costs for customers. The Lüdenscheid municipal utilities state that they can reduce costs for their customers by reducing gas prices on March 1, 2024 and offering special tariffs.

Overall, the abolition of price caps will lead to higher energy costs for consumers and strain the relationship between energy providers and customers. It is expected that customers will look for cheaper tariffs and providers to offset rising costs.