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Electricity prices to rise for every fifth household

DDP/The Local · 16 Mar 2010, 16:39

Published: 16 Mar 2010 16:39 GMT+01:00

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At least 74 power companies including Eon and enviaM plan to hiking prices in April and May for about eight million households, according to online consumer portal Top Tarif.

Prices are expected to increase by about six percent.

Head of the Federal Network Agency (BnetzA) Matthias Kurth has in turn demanded that the country’s four main energy utilities find a way to work together to reduce prices by May 31. His agency estimated that even more providers – up to 300 of the country’s total 900 – would increase their rates on April 1.

He said it was wrong for these companies to force customers into to taking a share of the costs for developing sustainable energy sources.

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“The long-term procurement strategy was false for countless energy companies,” he said, explaining that for too long many bought electricity at an inflated price, but this did not justify passing the cost on to consumers.

DDP/The Local (news@thelocal.de)

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Your comments about this article

21:04 March 18, 2010 by Logic Guy
Well, here in some parts of the US, an energy company has introduced what is called a "smart meter". The energy company claims that it will help consumers tract their energy use and therefore make "efficient" adjustments as needed. But the fact is, citizens are now paying in some cases, double what they were paying before the new meters were installed.

I believe in Democracy and freedom of choice. But there must be laws, established by a national governments, to protect people from immoral business practices. The huge financial mess that the world is now dealing with, is the result of irresponible national governmants.

I'm not he only person who cares about the everday citizens of this world?
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