Although Salzburg AG’s turnover has tripled in recent years, the profit has steadily increased, as well as the costs for customers. The situation has been relaxed since the previous year. The company, based in Salzburg, reduces the rate from 1 July.
A family of four with an average consumption of 4,000 kilowatt hours from 2024 had to pay the electricity for electricity. This is now cheaper because Salzburg AG reduces prices from 1 July and increases the lid of the electricity price to 1500 kWh instead of 1000. A family can expect savings of around 300 euros per year.
After the crises of the past five years, it is difficult to imagine that the electricity cost 6.58 cents per kilowatt hour in 2019. The bare numbers show how turbulent went to the energy market these years. Striking: Salzburg AG’s turnover has almost tripled in recent years. It looks different with the win. On the one hand, this was at the height of the crisis at the low point, on the other hand the company is investing hundreds of million euros in the expansion of renewable energy sources and the network infrastructure every year.
It is clear that the electricity price is no longer at the level of the pre-corona years. In 2023 it was five times as high as in 2017. There was a prize high for the electricity fairs. The purchase was higher for the energy company than ever before. Consumer prices are then passed on to customers.
The Salzburgers then felt the price high in 2022 – caused by the war in Ukraine. Since then, the market has slowly recovered and the prices for households are gradually cheaper. With the new price reduction, Salzburg AG goes to third place compared to the suppliers of the federal state. The Tyrolean Tiwag and the Vorarlberg supplier Illwerke are cheaper.
The floateral rate of the Salzburg company is already in the top field. This is invoiced every month after the market price, so it is cheap at the moment. If the market price rises, the rate becomes just as more expensive.
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.
