At the end of April, the Lower Austrian energy supplier EVN canceled almost 300,000 customer contracts – but immediately offered new contracts to those involved: “We have not made the decision easy for ourselves. 277,000 contracts have been terminated or expired, but around 205,000 households have already signed the new contract accepted,” says EVN spokesman Stefan Zach in a TV conversation with Gerhard Koller.
Zach also makes people think with his estimate of EVN’s further tariff development: “Since world market prices for electricity and gas have been declining for some time now, it can be assumed that EVN will also be able to reduce its tariffs by 15 to 20 percent from the autumn – and that is also sufficient.” The condition for realizing this reduction potential is that the lower world market prices persist or that this development even intensifies. EVN end customers then benefit from this and their invoice amounts decrease accordingly.
Interesting: EVN itself produces about 40 percent of the electricity it sells to its end customers, the remaining 60 percent is purchased. And further falling purchase prices would have a dampening effect on end customer prices.
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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.
