Electricity and gas prices 2024: Experts advise consumers to switch providers because of additional costs

Electricity and gas prices 2024: Experts advise consumers to switch providers because of additional costs

According to a report by www.zeit.de, the consumer advice centers advise electricity and gas customers to consider changing providers in order to offset the additional costs announced for 2024. This is a reaction to the expiry of the price caps for electricity and gas at the end of the year, as well as the upcoming increase in the CO2 tax, the abolition of the VAT reduction for natural gas and the increase in network fees for electricity.

Energy prices are expected to rise, increasing the financial burden on consumers. It is therefore advisable to check the switching savings and look for a cheaper provider. The now lower wholesale prices for electricity and gas could provide some compensation.

It is important to check current contracts, know the notice periods and look for tariffs with more favorable conditions. New contracts with a term of 12 months are recommended to ensure planning security and flexibility. With bonus tariffs, consumers should check the conditions for the bonus payout and make sure not to end up with a dubious provider.

The North Rhine-Westphalia consumer advice center emphasizes the importance of thorough research in order to avoid problems with the provider in the past. These measures are intended to help consumers reduce potential additional costs and protect themselves financially in view of the price increases for electricity and gas.