Electricity Prices Rising Dramatically For Some Reason

In a puzzling move that absolutely no one can explain, more than 200 German power suppliers have announced that they will be making big price hikes in the coming year. Consumers will then pay about 11 percent more on average.

Some experts speculate that the unexpected price increases could have to do with the costs associated with the increased efficiency and service currently being witnessed throughout the industry (see yesterday’s post). Others have surmised that these increased costs will be needed by the industry in the winter months to help fight global warming, or cooling in this case. Another group of experts believes that this dramatic move was prompted because Germans, already long used to paying some of the highest energy bills in Europe, just won’t notice and/or care.

Die Preissteigerungen begründen die Konzerne mit den gestiegenen Kosten für die erneuerbaren Energien.

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