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    This is what a kilowatt hour of electricity will cost in Germany in 2024

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    After many months of falling electricity prices, the increased network fees could lead to an increase again. Is that correct? How much does a kilowatt hour cost?

    As of January 1, 2024, the state network fee subsidy will no longer apply. As a result, some transmission system operators have already informed their customers that they will also adjust electricity costs accordingly. Instead of 3.12 cents per kilowatt hour (kWh), they have been charging 6.43 cents/kWh in network fees since the beginning of the year. However, not all network operators actually passed on the costs to their customers (you can find out more about this in this article).

    Nevertheless, many consumers are now asking themselves how expensive a kilowatt hour of electricity actually is in Germany – and whether they might be paying too much.

    Current electricity price

    The electricity price for new customers is currently an average of 24.5 cents/kWh (as of February 24, 2024). That is significantly less than a year ago. The costs were 35.9 cents/kWh.

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    And how did the increase in network fees affect electricity costs? Not at all at the moment. Because on December 31, 2023, the cost of one kilowatt hour was 27.2 cents. This means that many energy suppliers – as they announced – did not pass on the increased network fees to their customers. At least not yet.

    However, if the labor and basic prices increase in addition to the network fees, energy costs for consumers could also rise again or remain at a high level, predicts the comparison portal “check24.de”.

    Average electricity price for existing customers

    There are currently still numerous customers with old contracts. The average electricity price for them is significantly higher: according to the Federal Statistical Office, it is 37.37 cents/kWh. Compared to the previous year (41.44 cents/kWh), this is less. Anyone who switches to a new contract or can switch will save a lot of money.

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