Finance

Vattenfall customers with a variable rate will pay 50 percent more for gas

This is evident from the new rates that the company announced this afternoon. Vattenfall offers customers with a variable contract a new rate twice a year. Once on January 1 and once on July 1.

50 percent more

From 1 January, people with such a variable contract will pay 1,239 euros per cubic meter of gas. Now that is still 0.824 euros. That’s a 50 percent increase.

This means that a household with an average consumption of more than 500 euros more expensive. Some of that pain is compensated by the government. Everyone gets a tax credit of 230 euros.

Consumers will notice a lot less of the rising electricity price at Vattenfall. If the tax on electricity consumption decreases by almost 8.4 cents per kilowatt hour as of January, you will arrive at an increase from 23.6 cents to 24.6 cents.

By the way, this is a lot cheaper than with large competitor Eneco. The variable rates there are now at 1.80 euros per cubic meter of gas and almost 50 cents per kilowatt hour of electricity. At Eneco, customers with a variable contract will not necessarily pay more from 1 January.

They receive new rates once a year, on the day the contract is concluded. Anyone who does have to deal with Eneco’s new rates has to live with the knowledge that he or she pays 45 percent more for gas than at Vattenfall and about 50 percent more for energy.

Essent, the third major player on the market, has not yet announced its rates.

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