Germany’s largest energy supplier is raising prices

In the past few weeks and months, it was initially smaller, often local energy suppliers that drew negative attention to themselves with rising prices. In the meantime, the escalating costs have long since reached the top. With Eon, price increases are also pending at Germany’s largest supplier.

It’s getting more expensive for millions of consumers: Eon lets prices climb

Russia’s war against Ukraine also has dramatic consequences for German consumers. Not only various goods are becoming more and more expensive, energy prices have already climbed to unprecedented heights. According to Filip Thon, head of Eon-Germany, the nation’s largest supplier will also partially pass on the increased costs to end customers.

However, he does not explicitly reveal how high the increase will be. Wholesale gas prices have increased 20-fold, electricity is currently eight times what it was two years ago. “We also need to reflect this unprecedented situation in the market in our pricing, but try to cushion as much as possible,” explains Thon in one Interview with the editorial network Germany (RND).

There is also an impression of what Eon customers can expect without a direct announcement. A look at the market shows that electricity customers have basic supplies average premiums of 35 percent would have to pay. A similar magnitude should also hit Eon customers.

A 20-fold increase in gas prices, on the other hand, is unlikely to reach end customers. “Everything depends on whether gas will continue to be delivered to Germany. The danger of a delivery stop remains.” But even if gas continues to flow, it will be situation already very tense so Thon.

The manager explains that further support for customers from the state may be necessary. Getting rid of the EEG surcharge is already a step in the right direction, but it remains to be seen whether the relief will be enough. In addition, the problem will not be solved with the foreseeable end of the heating period. The German gas storage facilities are at a low level and the urgency to fill them up sufficiently for the next winter will also ensure high prices.

More customers want to switch to renewable energies

The crisis is also causing customers to be increasingly interested in renewable energies. “As a result of the energy crisis, we see momentum among our customers who want to become independent in their energy supply. That’s unique.” He’s not just referring to green electricity tariffs, but to Opportunities for independent energy supply, such as with private photovoltaic systems. Eon is working on expanding the range here.