Gas prices at a record high: This is how consumers can still save

Gas prices at a record high: This is how consumers can still save

Gas prices have seen a significant increase in recent weeks. An analysis by the comparison portal Verivox shows that the gas price for new customers rose by one cent per kilowatt hour within a month. This price increase is due, among other things, to the increased VAT on gas. Since April, consumers have had to pay 19 percent VAT again after the tax was previously reduced and the reduction expired at the end of April.

In addition to VAT, wholesale prices also play a role in price increases. An increase has already been observed in recent weeks, and a week ago the spot market price was again above 3 cents per kilowatt hour. It had previously fallen to as low as 2.5 cents. These factors together contribute to the noticeable price explosion, which is putting many consumers in an unpleasant situation.

Given these high gas prices, many consumers are considering switching providers to save money. However, it is advisable to take a close look and be aware of possible pitfalls before taking such a step. An important aspect is checking price guarantees and price adjustment clauses. For example, if the price is only guaranteed for a certain period of time, the hoped-for savings may disappear from the fourth month onwards. It is therefore advisable to check the contract terms carefully to avoid unpleasant surprises.

In addition, after changing providers, the consumer advice center recommends having the old provider's personal data deleted, especially for consumers who frequently change providers. Some companies may reject customers with a lot of switching. The consumer advice center provides a sample letter to make the process easier.