Fault in the system: sinking power prices for volume buyers drive up power costs for consumers

The downward trend in power prices for volume buyers and for industry still continues in September 2013. The average price of base-load electricity was just 4.17 cents per kilowatt hour (kWh) in the past month. From January to September 2013 the average price for base-load electricity was even less at 3.79 cents per kWh. This is a reduction of 12% in comparison to the same period in 2012 (4.31 cents per kWh). Paradoxically electricity consumers are paying for the reduction for volume buyers with constantly increasing power prices. “A structural fault in the marketing mechanism of the Renewable Energies Act leads to the volume customer prices falling ever lower but the consumers paying for the increasing advantage to volume buyers with constantly rising power prices”, says IWR Director Dr. Norbert Allnoch, speaking in Münster.
- On the IWR press release (German) Fehler im System: Sinkende Strompreise für Großabnehmer treiben Stromkosten für Verbraucher
- Press Info German Energiewende

Released on: 2013-10-01