Consumers switching or entering new gas contracts are currently benefiting from significantly lower prices compared to the beginning of the year, according to a recent analysis by a comparison portal, as reported by publications within the Funke Media Group
The analysis indicates that wholesale gas prices reached approximately 33 cents per kilowatt-hour in August – the lowest monthly value recorded this year Competitive gas suppliers are passing these lower costs onto consumers, actively seeking to attract new customers
In spring 2024, the average price for the most affordable gas offers for new customers stood at roughly 10 cents per kilowatt-hour (gross, including basic price) This figure decreased to approximately 9 cents per kilowatt-hour over the summer months
These reduced gas prices offer the potential for considerable savings for households For a detached family home with an annual consumption of 20,000 kWh, annual heating costs are estimated at €1,800, based on a price of 9 cents per kilowatt-hour
Conversely, customers who have not actively sought a more favorable gas tariff and remain on the standard rates of their local supplier currently pay approximately 14 cents per kilowatt-hour, resulting in annual heating costs of around €2,800 This represents a price difference of approximately €1,000 per year, highlighting the financial benefits of comparing and switching suppliers