Check and change electricity and gas tariffs: Financial experts give tips for consumers

Check and change electricity and gas tariffs: Financial experts give tips for consumers

According to a report from www.merkur.de, December 15, 2023, electricity and gas prices for new customers were significantly reduced compared to the previous year. This is good news for consumers because lower energy prices mean potentially lower costs for households and businesses. The German Press Agency (dpa) reported at the end of November that electricity is currently available for less than 30 cents per kilowatt hour. The price of gas is also significantly lower than last year - with prices at a low of less than 10 cents per kilowatt hour, according to the consumer portal Finanztip.

At the time of the dpa report, the Saxony-Anhalt consumer advice center advised checking contracts for electricity and gas and changing providers if necessary. According to the consumer advice center, it is worth ending the often expensive basic service tariff and switching to a cheaper provider.

It is important that consumers carefully review their existing contracts and tariffs to ensure that switching providers is actually worthwhile. In addition, many providers offer different tariffs that allow consumers to save money without switching providers. Comparison portals can help you get a good orientation, and personal recommendations from friends and acquaintances can also be helpful.

Another important aspect is the term and notice period of electricity and gas contracts. It is important to review the terms of the existing contract to make the best decision regarding a potential change.

However, there are also potential risks when changing providers, as the Lower Saxony Consumer Center warns. Discount providers, which can increasingly be found on comparison portals, require a close examination of the contract conditions in order to avoid unexpected costs.

In summary, lower energy prices offer consumers the opportunity to reduce their monthly expenses. However, it is important to carefully consider whether switching providers will actually result in savings and to carefully examine the contract terms to avoid unpleasant surprises.