Not only is gas now almost a luxury item, the price of electricity has also soared to new, frightening heights. So far it has been the extremely cheap providers who have gotten into trouble, but now Germany’s largest energy supplier must also take action. E.ON does not want to continue contracts with customers. Experts also see something good in this.
Electricity price explosion: E.ON terminates first contracts with customers
“All providers are currently confronted with a historically unique situation on the energy markets,” says a recent letter from the energy supplier E.ON, currently the largest in Germany in terms of sales (source: Statista). The company is therefore forced to To continuously revise tariffs and “in individual cases, unfortunately, terminate contracts at the end of the term.”
The Wirtschaftswoche quotes from one letter of termination from E.ON, which has been delivered to some customers since the beginning of September. With how many consumers one cannot continue the business relations in the current form due to the price development – the group based in Essen does not provide any information about this.
After all, E.ON is far from going as far as some low-cost providers did months ago. The prices are open, according to Udo Sieverding, energy expert at the North Rhine-Westphalia Consumer Advice Centre. the Contracts are not extended at the end of the term, instead of being terminated without notice – a completely normal process between contracting parties on the one hand. On the other hand, E.ON shows that the large providers also have to take action.
For affected customers, one way or the other, it boils down to them have to pay more for electricity. Because E.ON does not announce directly, but offers a new contract – albeit at higher prices. Those who do not want to pay this fall back into the basic supply – usually becoming a customer of the local public utility company – or have to look for a new provider in time for the end of the E.ON contract.
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Sparkasse: Many can no longer afford high electricity and gas prices
However, there are hardly any favorable conditions to be expected there either. Already have to many households are going beyond their financial limits to pay electricity and gas billsas an evaluation of the savings banks shows.
E.ON boss Leonhard Birnbaum had already announced in the spring that there could be price increases. At this point in time, however, there was no explicit mention of possible terminations of the contractual relationships.