Consumers in Germany are bracing for a substantial increase in heating costs. Gas prices for single-family homes surged from 1,515 to 1,858 euros, reflecting a dramatic 23% rise.
Meanwhile, heating oil prices saw a slight increase to 1,554 euros. This hike is partially driven by a rise in VAT and an increase in heat demand of 23.6%, as conservation efforts have waned.
The government is contemplating revisions to the heating law, aiming to make it more flexible while continuing support for households. Additionally, the anticipated rise in CO2 prices in 2025 and the crucial role of landlords in determining heating expenses further complicate the situation.
Despite these changes, experts suggest that a severe price shock akin to that of 2022/2023 is unlikely. As millions of homes still rely on oil and gas for heating, consumers must prepare for these rising costs.
infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand
