For private and business customers, Illwerke reduces the electricity price to 9.90 cents net per kWh. However, CEO Christof German is already tempering the expectations of all bargain hunters – and rightly expects that total costs will rise despite the price reduction.
What sounds good to customers at first glance is unlikely to lead to savings in the end. Although Illwerke customers will pay less for electricity from the beginning of April – the gross savings for an average household with a consumption of 3,500 kWh should amount to around 30 euros per year – government subsidies are gradually running out.
It is therefore not surprising that Christof German, CEO of Illwerke, expects total electricity costs to rise for most customers despite the drop in electricity prices. “As an energy supplier, we can only directly influence the energy share,” he explains. Here and in terms of network rates, Vorarlberg residents would benefit from the lowest costs compared to the rest of Austria. German also advocates continuing to suspend the electricity tax. People with a low income should also be exempt from network charges.
Investments in security of supply
In addition to the reduction in the electricity price, the 2025 construction budget of approximately 440 million euros was also approved during the meeting of the Illwerke supervisory board. “In addition to investments in the expansion of renewable energy sources and security of supply, EUR 35 million has also been budgeted for the expansion of the fiber optic network in Vorarlberg,” said Gerd Wegener, member of the board of directors.
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.
