Monday, November 8th, 2021
International price comparison
Germany has the most expensive electricity from the G20
Electricity costs more than ever in this country, and the price of electricity reached a new all-time high in October. In the group of the 20 most important industrial and emerging countries, Germany even ranks first: “In no other G20 country is electricity more expensive”, determined the comparison portal Verixox.
In a global comparison, households in Germany continue to pay a lot for electricity. This is the result of an evaluation of the comparison portal Verivox for the second quarter of 2021. According to this, electricity prices in Germany are in 15th place in an international comparison, taking into account the comparatively high purchasing power in this country, reported Verivox. “In no other G20 country is electricity more expensive,” it said. In the group of the most important industrialized and emerging countries, Italy and the United Kingdom followed by some distance. Adjusted for purchasing power, electricity was the most expensive in Rwanda, followed by Mali and Burkina Faso.
A good year ago, in an earlier evaluation, Germany had the highest electricity prices among the G20 countries and was ranked 16th. Were the basis of the evaluation Data from the energy price data portal “Global Petrol Prices”.
Electricity price at all-time high in October
According to the Federal Association of Energy and Water Management, half of the electricity price is currently due to taxes and duties. The electricity grid operators receive a quarter of the price. The remaining quarter goes to the electricity suppliers for procurement and sales.
According to calculations by the comparison portal Check24, the electricity price reached a new all-time high in October 2021. The average prices extrapolated to one year resulted in annual costs of 1,556 euros for a model household with an annual consumption of 5000 kilowatt hours. That corresponds to an average price of 31.1 cents per kilowatt hour. In October 2020 it was 1467 euros.
According to Check24, 36 basic electricity suppliers have already increased their prices or announced increases since August. On average, the price increases were 7.9 percent. For a model household, this would result in additional costs averaging 126 euros per year.