Gas and electricity prices continue to rise. According to an evaluation by the Federal Statistical Office, gas prices rose by a whopping 17.7 percent compared to the second half of 2021. FOCUS online tells you whether you have concluded a cheap gas contract – or not.

In view of the Russian war of aggression in Ukraine, gas households have already felt the consequences in the first half of 2022.

The Federal Statistical Office has now published concrete figures. They help gas households to determine whether they have a cheap or expensive gas contract.

On average, consumers paid 8.04 cents per kilowatt hour of natural gas for old contracts. With an annual consumption of 10,000 kilowatt hours, this corresponds to monthly costs of around 70 euros for a two-person household.

This information is used as a possible benchmark to determine whether you have a cheap or expensive gas contract.

If your gas price is below this average, you have a cheap supplier. If it is at the same level, you pay the average price and if it is significantly higher, you should check whether it is worth switching to the basic supplier.

Energy has never been as expensive as it is now. But instead of panicking, you should calmly check potential savings at home. As our guide shows, there are many of them.

However, the following applies: With new contracts, there are massive price shifts. On average, households have to reckon with an average kilowatt hour of 21 cents per kilowatt hour, according to calculations by the two comparison portals Verivox and Check24.

With an annual consumption of 10,000 kilowatt hours, two-person households pay around 175 euros per month.

And given the location, that seems reasonable. Some energy providers charge up to 32 cents per kilowatt hour. This corresponds to monthly costs of 266 euros for a two-person household.

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The gas price on Europe’s markets has fallen significantly. In view of the impending energy shortage in the upcoming winter, this is good news – but consumers shouldn’t get too excited about it too soon.

“It will remain very expensive for consumers, the current drop in prices on the market has no immediate consequences for them,” predicts Matthias Brinkhaus from the analysis company Energy Brainpool. As a rule, the suppliers covered their energy requirements largely with long-term forward transactions and only to a small extent with purchases on the short-term spot market.

Contrary to what wholesale prices currently suggest, a noticeable price increase is more likely.

“The current prices on the spot market are only a snapshot,” says energy specialist Brinkhaus. “If it gets colder, the prices will go up.” It is clear that the stores will be empty in the coming winter months. If your memory level drops faster than you had hoped, the gas price could go through the roof again and a gas shortage could even be declared.

Germany may get through the winter without gas rationing for companies. It is interesting that futures contracts for guaranteed deliveries in the first months of 2023 currently cost around 140 euros per megawatt hour.

Gas costs too high: Compare tariffs now and save