Electricity and gas prices: President of the Federal Network Agency advises a review of contracts and provides information about increasing burdens

Electricity and gas prices: President of the Federal Network Agency advises a review of contracts and provides information about increasing burdens

According to a report by www.deutschlandfunk.de, the President of the Federal Network Agency, Klaus Müller, advises electricity and gas customers to review their contracts. He recommended getting information from Stiftung Warentest, consumer advice centers or comparison portals in order to find offers from suppliers that are currently below the price limits.

However, the President of the Federal Network Agency points out that consumers will face burdens. The reason he cites is the traffic light coalition's decision to abolish subsidies for network fees. In addition, the VAT reduction for gas will no longer apply next year. Depending on family size and consumption, this roughly means additional costs of 130 to 150 euros per year.

This information shows that consumers should be prepared for rising electricity and gas costs. The removal of subsidies and the elimination of the VAT reduction will mean higher prices for consumers. This could lead to financial burdens for many households and also impact the energy supply market as consumers may look for cheaper alternatives. It is therefore important that consumers review their contracts and find out about cheaper offers in order to reduce costs.