Electricity Prices Hit New Record High in 2009

According to a survey by the internet portal Toptarif, an internet portal that compares energy, finance and insurance products and prices, electricity prices hit a record high in Germany in 2009.

Prices climbed on average 6.8%.  This equals additional costs of EUR 2.1 billion for the 40.1 million households in Germany.  A household with an consumption of 3,500 kWh had to pay EUR 804, compared with EUR 753 in 2008.  Consumers in the states of Bavaria, Lower Saxony and Hesse were hardest hit.

Toptarif believes that prices will further climb. 160 utilities have already announced to raise prices, the company pointed out.  It advised comparing tariffs and considering to change the supplier.

Source: Toptarif

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