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Historically High Electricity and Gas Prices - The Backgrounds

Due to the current extremely high procurement costs for electricity and gas, many energy suppliers can no longer offer their customers energy products at the usual conditions or even at all. (Photo: Rodion Kutsaev, Unsplash)
Due to the current extremely high procurement costs for electricity and gas, many energy suppliers can no longer offer their customers energy products at the usual conditions or even at all. (Photo: Rodion Kutsaev, Unsplash)
Suddenly the electricity or gas tariff was twice as expensive or you couldn't find an offer in the first place? Unfortunately, this currently reflects the reality of the energy market: wholesale prices for electricity and gas are at a historically high level.

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Status Quo

Due to the current extremely high procurement costs for electricity and gas, many energy suppliers can no longer offer their customers energy products at the usual conditions, or even at all. The suppliers of Green Electricity and Green Gas certified products are also affected by this price rally.
Backgrounds

  • The pandemic: One of the main reasons for the continued rise in energy prices is the still unexpectedly high demand for energy. Following the pandemic-related decline in 2020, demand has been rising again since early summer, partly due to an increasing revival of the global economy.

  • Political entanglements: The increased demand is countered by a shortage on the gas market: Because demand for gas is currently very high worldwide and imports to Europe have been reduced, the price has risen extremely. This is partly due to reduced gas supplies from natural gas exporting countries such as Russia.

  • Gas prices: The price drivers of the current development are fossil fuels, and wholesale prices for natural gas in particular have skyrocketed. Since gas is used not only for heating but also to generate electricity in gas-fired power plants, the rise in the price of gas is also driving up electricity prices on the stock exchange.

Impact on consumers

Electricity and gas customers are currently encountering yawning emptiness in the tariffs or extremely high tariff costs, for example on vergleich-dich-gruen.de. Also many offerers accept up-to-date in principle no more Neukund*innen.
This is very frustrating but in the long run there is a good perspective: real green electricity.

The solution

Fast-track away from any fossil fuels - to exclusively renewable energy.

More green power would bring prices down again, because:

  • Germany would be less dependent on imports of fossil fuels
  • Electricity production from renewable energies is cheaper than from coal, gas or nuclear power plants
  • The green electricity price fluctuates less
  • Green electricity does not harm the climate, which prevents future external costs

Conclusion

There's not much we can do about the current situation, but it's worth looking out for energy products with the Green Electricity and Green Gas labels in the long term. Because genuine green electricity with added value not only stabilizes energy prices in the long term, but each kWh of electricity consumed is also invested in the energy transition.

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Historically High Electricity and Gas Prices - The Backgrounds

Welcome to the service portal

On this page you will find all the important documents about the Green Electricity and Green Gas Label.

Grüner Strom-Label

Here you can find all the documents about the Green Electricity Label.

Green electricity tariffs awarded with the Grüner Strom-Label guarantee investments in energy transition projects that are compatible with nature.

Green Gas Label

Here you can find all the documents about the Green Gas Label.

Grünes Gas-Label

Green electricity label

Links directly to the subsections:

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Green electricity tariffs awarded with the Grüner Strom-Label guarantee investments in energy transition projects that are compatible with nature.

Your contact person

Elisa Voß

Elisa Voß

Working student Online Communication

Range 1

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catalog of criteria

The criteria catalog...

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catalog of criteria

The criteria catalog...

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catalog of criteria

The criteria catalog...

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The criteria catalog...

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Range 2

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catalog of criteria

The criteria catalog...

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catalog of criteria

The criteria catalog...

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catalog of criteria

The criteria catalog...

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catalog of criteria

The criteria catalog...

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catalog of criteria

The criteria catalog...

Green Gas Label

Links directly to the subsections:

Range 1

Range 1

Range 1

Range 1

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Grünes Gas-Label

Your contact

Gruener-Strom employee-Christian

Christian Knops

Green Gas Certification Manager

Range 1

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catalog of criteria

The criteria catalog...

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catalog of criteria

The criteria catalog...

placeholder image LibreOffice Calc

catalog of criteria

The criteria catalog...

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catalog of criteria

The criteria catalog...

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catalog of criteria

The criteria catalog...

Range 2

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catalog of criteria

The criteria catalog...

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catalog of criteria

The criteria catalog...

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catalog of criteria

The criteria catalog...

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catalog of criteria

The criteria catalog...

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catalog of criteria

The criteria catalog...

Together for the energy turnaround

Your contact persons:inside

Elisa Voß

Elisa Voß

Working student Online Communication

Gruener-Strom employee-Christian

Christian Knops

Green Gas Certification Manager

Gruener-Strom employee-Nina

Nina Cernohorsky

Speaker Green Gas, Green Power Certification