Consumer electricity prices in Germany expected to rise by 60% in 2023
Consumer electricity prices in Germany are to rise by around 60 per cent in 2023, the country’s Association of Local Public Utilities (VKU) said.
However, electricity rates have so far increased less than gas prices, reports Xinhua news agency citing the VKU as saying on Friday.
Customers of Germany’s municipal utilities are already paying between 30 and 60 per cent more for gas than before the Russia-Ukraine war.
VKU expects this development to continue into the coming year.
“An early or severe winter could cause gas consumption to rise unexpectedly and possibly start the price spiral again,” a spokesperson for the association warned.
