From January 1, the costs for electricity grid tariffs would increase by up to 50 percent, depending on the state. Too much, so the ministries are looking for a cover.
From January, a household with an annual electricity consumption of 3,500 kilowatt hours would have to pay the equivalent of between 86 euros in Carinthia and 133 euros in Vienna more in network tariffs per year.
On average, this would be about nine euros more per month in Austria, with a low consumption (2000 kWh) about five euros, the energy authority E-Control calculates. It adopted this increase by regulation. The reason is that due to the high market price, the network operators had to spend about one billion euros more than last time for the electricity that compensates for the usual technical energy losses in the lines.
Companies fear additional costs in the millions
But criticism of the higher network tariffs (which make up about 30 percent of the total electricity bill including tax) is growing, because that would partially eat up the electricity price subsidies for households and companies that were awarded at the same time. For example, companies fear extra costs in the millions, Wiener Linien alone counts on 3.5 million euros.
But there is still hope: the responsible ministries are investigating possible ‘caps’ behind the scenes. Options range from suspending the increase to sharing the extra cost between consumers and network operators, to passing it on in full to the network providers, as demanded by hotel association president Walter Veit.
Source: Krone

I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.