Quote from: adaseb on August 03, 2022, 01:09:58 AM

For the past few months I’ve been seeing charts and posts about electricity in Germany being extremely expensive. Today I read an article it’s more than 10x expensive than it was between 2010-2020. This can’t be true.

Can someone who lives there verify this?

10x more seems a bit excessive and I really hope this is not going to be the case. In Germany usually there is a fixed payment at the start of the year to the electricity company. The advancement is based on the consumption of the last year with current prices. This also works with the property managers who usually make their plan for the year during spring/summer to calculate the new utility bills for each year. I haven't received any bill for this year yet, which worries me a bit on how much electricity prices actually increased. The problem with the system in Germany is that it can take up to a year in the worst case for the new cost to be transferred to the customer. From a friend of mine who already received all documents for this year and they adjusted their new budget for this year, the only have a 15% increase in electricity cost. From a colleague who lives a bit further away he told me his bill is up 20% this year.