Höxter Stadtwerke increases electricity and gas prices - effects and background explained by a financial expert.

Höxter Stadtwerke increases electricity and gas prices - effects and background explained by a financial expert.

According to a report by www.nw.de, the Be-Ste municipal utilities in the Höxter district have to adjust their electricity and gas prices upwards. These price adjustments also affect customers who have just concluded contracts.

Electricity

The federal government actually planned to keep the fees for the transmission networks stable until 2024 and granted a subsidy of 5.5 billion euros for this purpose. However, due to the ruling of the Federal Constitutional Court and the necessary restructuring of the budget, this aid is no longer available and network fees are rising. The exact size of the increase is not yet known, but Be-Ste managing director Michael Starp confirms that the increase will be passed on to customers. Local network operators have until January 1st to adjust and publish their network fees, which will reveal the exact price increase. Customers are expected to be informed about the price information in January 2024.

natural gas

The CO2 price for natural gas will rise from 35 to 45 euros per ton of CO2 in 2024 and from 45 to 55 euros per ton in 2025. There is also a possible adjustment to the VAT, which is currently reduced from 19 to 7 percent. The municipal utilities confirm that they will pass on these price increases 1:1 to their customers.

Impact and analysis

The planned price increases for electricity and gas will probably lead to an additional financial burden for consumers in the Höxter district. Customers will likely have to bear higher energy costs as municipal utilities pass the increases on to their customers. This could lead to increased financial burden on households and could impact the budgets of many consumers. In addition, the limited accessibility of the municipal utilities could lead to inconvenience for customers due to the increased call and email volume.

Conclusion

The planned price increases for electricity and gas in the Höxter district are likely to lead to additional financial burdens for consumers. It is expected that households will have to bear higher energy costs as the municipal utilities pass the increases on to their customers. The exact size of the price increases and their impact remain to be seen, but it is important that consumers prepare for possible financial adjustments.