Why are gas prices rising like that?

2021: How will the gas price develop in Germany?

In 2021 gas prices will rise noticeably and many homeowners will pay more than 100 euros more - even if their consumption does not change. The main reason for this is the CO2 tax, which has increased the price of fossil fuels by around 0.45 cents per kilowatt hour since January. Higher network charges also increase prices. If you want to save in the future, you should think about the use of renewable energies. Read more about the background to the efficiency house online.

 

Current gas price - slight increase compared to the previous year

After the gas price reached its lowest level in previous years at 5.63 cents per kWh in 2018, it rose slightly until 2019. At the beginning of 2020, the wholesale price fell, which consumers also thankfully felt. After the gas price leveled off at a higher level on the world market, consumer prices rose again by spring 2021.Currently, these are around 6.35 cents per kilowatt hour, as the following graphic shows:

Source: https://www.depi.de

 

How is the gas price made up?

For the consumer, the gas price is simply the sum that is calculated at the end of the billing period. But this has different proportions, the composition of which can vary depending on the gas tariff.

Source: www.1-gasvergleich.com

 

CO2 pricing will make the gas price more expensive in 2021

For the 2021 accounting year, many homeowners will have to pay more for gas. Because in addition to persistently low temperatures, there has also been the so-called since January CO2 tax. The federal government has this as part of the Climate package introduced to account for the cost of harmful climate impacts in the price of gas. The fee depends on the CO2 emissions and is 25 euros per tonne of CO2 in 2021. It will rise to 55 euros by 2025, before the federal government will set a price corridor of 55 to 65 euros for 2026. This alone will increase the gas price by 0.5 to 1.2 cents per kilowatt hour in 2026.

The additional costs for homeowners with an annual energy consumption of around 20,000 kilowatt hours amount to 100 to 240 euros per year.

 

Higher network charges lead to rising gas prices

The network charges will also drive up prices in 2021. Because the fees that gas network operators charge for maintenance and expansion work on the gas network rose by an average of 1.7 percent. For households with a consumption of 20,000 kilowatt hours of gas per year, this means additional costs of around 20 euros for the next billing.

 

Wholesale prices are stagnating at a high level

While falling wholesale prices caused the gas market to ease up until mid-2020, the course reversed at the end of the year. Prices rose by over 50 percent and settled at a high level in spring 2021. If the demand values ​​rise again at the end of the pandemic, the gas price is likely to continue to rise, especially in the second half of the year.

Experience has shown that end customers feel these changes with a time lag. While smaller providers react quickly to fluctuations on the stock exchange, basic providers tend to adjust their prices more slowly.

Natural gas in price comparison: check change

The gas tariffs that customers can choose from show a very wide price range. With basic suppliers, the prices for natural gas are usually significantly higher than with alternative providers, so that homeowners can often save several hundred euros a year when switching. In addition to low tariffs, consumers benefit from a Gas heating especially high bonus payments. As a rule, however, these only exist in the first year after the gas supplier has switched.

 

Our tip: use the special right of termination

If suppliers raise gas prices, consumers have a special right of termination. We recommend using this and changing the gas tariff. If you would like to save in the long term, you should secure cheap offers currently. With long terms and price guarantees, you can at least temporarily protect yourself from rising gas prices.

 

Save by replacing heating with renewable energies

You can also save by replacing the heater. Because modern condensing heating systems make better use of the energy used. You consume less and ensure lower heating costs. The price advantage is even higher if you also incorporate renewable energies. If a solar system, a wood heating system or a heat pump comes into the house during the renovation, the state will also cover up to 30 percent of the high costs Promotion of heating.

 

Your heating offer in 5 steps:

  • fast
  • free
  • checked
  • promoted
  • for sure

 

How does the switch to a new gas provider work?

Switching gas providers is similar to switching electricity providers. Several comparison portals are available online. However, their use is often not as simple as is often promised. Before signing a contract, it is important to read the fine print. In addition to the consumption price, the running time, customer friendliness and the price guarantee also play an important role. The consumer advice centers are always a good starting point for well-founded information.

 

More on the subject of saving money by changing a gas provider


Source: Bosch Thermotechnik GmbH
Photo: artofocus - Fotolia.com