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East German Energy Price Cuts Announced
East German energy providers EnviaM and Mitgas are reducing electricity, gas, and heat prices for households and businesses, although prices won't return to pre-crisis levels.
German
Germany
Germany Climate ChangeEnergy SecurityEnergyCrisisPricesReduction
EnviamMitgasMitnetz StromMitnetz Gas
Patrick Kather
- How many customers does EnviaM serve in total?
- EnviaM serves approximately 1.1 million customers across Saxony, Saxony-Anhalt, Thuringia, and Brandenburg, supplying them with electricity, gas, or heat. The company emphasizes that while prices are decreasing, they are unlikely to return to pre-crisis levels.
- How much will the average household save on electricity bills?
- The price reductions vary by energy type and customer type. For example, electricity prices for residential customers will drop by 5.60 cents per kilowatt-hour, resulting in savings of around 112 euros annually for an average household. Significant savings are also offered to business customers.
- What strategy did EnviaM employ to mitigate risks and lower prices?
- EnviaM attributes its ability to lower prices to a proactive procurement strategy that aims to minimize risks associated with energy market fluctuations. Factors like the war in Ukraine and the high energy demand continue to influence these markets.
- What is the main announcement regarding energy prices in East Germany?
- EnviaM and Mitgas, energy providers in East Germany, are lowering electricity, natural gas, and heat prices for their customers starting at the turn of the year. This is intended to ease the burden on households and businesses, although prices will remain higher than before the energy crisis.
- Are there price reductions for customers using heat pumps or heat storage systems?
- The price decreases apply to various customer groups, including those using heat pumps and heat storage systems. For example, heat pump customers can expect an average saving of 212 euros, while heat storage customers will save around 227 euros on average.