Energy costs – Germans pay a lot for electricity – saving

In Germany, households pay a relatively high amount for electricity. This is the result of an assessment by the comparison portal Verivox for the second quarter of 2021. “In no other G-20 country is electricity more expensive,” he said. In the group of the most important industrialized and emerging countries, Italy and the United Kingdom follow by far. The assessment was based on data from the energy price data portal “Global Petrol Prices”. According to the Federal Association for Energy and Water Management, half of the price of electricity is currently due to taxes and charges. Electricity grid operators receive a quarter of the price. The remaining quarter goes to electricity suppliers for purchases and sales. According to calculations by the comparison portal Check24, the price of electricity reached a new all-time high in October 2021. The average prices extrapolated to one year result in annual costs of 1,556 euros for a model household with an annual consumption of 5,000 kilowatt-hours. This works out to an average price of 31.1 cents per kilowatt hour. In October 2020, it was 1,467 euros.

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