Household energy prices fell again in March. The energy price index (EPI) calculated by the Energy Agency fell by 3.3 percent in March compared to February.
Although household energy prices had an inflation-dampening effect, they are still 11.9 percent higher than 12 months ago. In February the difference was still 30 percent. In a two-year comparison with March 2021, the EPI even increased by 57.1 percent. Compared to March 2022, premium petrol will cost 9.6 percent less. However, this is put in perspective: in a two-year comparison, consumers had to pay 31.3 percent more in March than in March 2021.if(!apaResc)var apaResc=function(a){var e=window.addEventListener?” addEventListener “:” attachEvent”,t,n;(0,window[e])(“attachEvent”==e?”onmessage”:”message”,function(e){if(e.data[a]) for(var t=document.getElementsByClassName(a),n=0;n!=t.length;n++) t[n].style.height=e.data[a]+”px”},!1)}; apaResc(“apa-0680-23”);Diesel and heating oil costs in March 4 and 5 percent less than in February. Year on year, prices have fallen by 9 and 19 percent respectively, but not yet at pre-crisis levels. Gas prices down only 0.4 percent The Energy Agency registered a drop in gas prices of 0.4 percent. However, compared to March 2022, gas prices were still 65.5 percent higher. Household prices for electricity fell by 7 percent in March and were 3.4 percent higher on an annual basis. However, a heterogeneous picture emerges for electricity and gas: some suppliers are still raising prices, while others are lowering their prices again. “The relaxation in wholesale markets can be used as a good time to think about how to reduce own energy consumption and personal dependence on natural gas in the long term,” says energy expert Lukas Zwieb. There were no relaxations in district heating – prices remained stable here. That means that district heating costs 97.1 percent more than in March 2022. Breathe a sigh of relief for users of pellet heating The prices for wood pellets fell by 16.1 percent in March. Although they were 36.9 percent more expensive year-on-year, the energy agency said there were signs of a further fall in prices. Firewood, on the other hand, was only 2.1 percent cheaper – compared to a year earlier, this means an increase of 64.5 percent.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
