Ecofys prepares 2016 Energy Price Report for Baden-Württemberg: Prices decreased further, only electricity prices slightly increased

Published: 10/07/2017

Energy prices in Germany largely continued to fall in 2016, according to a new energy price report prepared by Ecofys, a Navigant company. The report, commissioned by the Ministry of the Environment of the Federal German state Baden-Württemberg, provides an overview of historical price developments of the electricity, gas, oil and heat markets and give an indication of future developments by 2023. In addition, Ecofys has estimated energy costs for example households and industry and the related burden for these consumers.

In 2016, price levels that had already started to decline in 2015 further decreased, especially in the case of mineral oil products. Only the end consumer prices for electricity increased for nearly all consumers despite decreasing wholesale prices. The industry is typically characterised by large price spans. Energy intensive industries are largely exempt from levies and can therefore profit from the decreasing wholesale prices. In the coming years Ecofys expects a slight increase in nominal energy prices; the prices of heating oil and fuel in 2023 will however remain below the level of 2012/2013.

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