Destatis: Electricity Producer Prices Increased by 92% for Households, 76% for Large and 79% for Smaller Commercial Businesses Since January 2000

The German Federal Statistical Office (Destatis) provided some interesting data on the development of electricity producer prices since January 2000: households +92%, large industrial clients +76% and smaller commercial businesses +79%. For redistributors, prices were down 4%.

On average, producer prices of electricity were about 35% higher in August 2014 than in January 2000. However, in light of the considerable price differences for the different groups, the relevance of the average value is limited.

Across all consumer groups, the highest electricity price were reached in July 2008, with prices being 61% above the January 2000 value. Back then, prices for large industrial clients were +68%, for smaller commercial businesses +30%, for private households +41%, and redistributors (such as municipal utilities and other supply undertakings) +76%.

With the beginning of the crisis at the end of 2008, wholesale prices for electricity came down materially. Increasing generation from renewable sources also contributed to reduced wholesale prices at the electricity exchanges.  However, those wholesale reductions did not translate into comparable reductions for households and smaller commercial businesses. For them, electricity prices increased by 36% (households) and 38% (smaller commercial businesses) until August 2014. The relevance of state induced burdens such as electricity tax and the EEG surcharge contributed to the development. While large industrial clients were also affected by this, the reduced wholesale prices worked more to their advantage. In August 2014 large industrial clients only had to pay  about 5% more that in July 2008. For redistributors, prices went down in parallel with exchange prices by 46%.

The original Renewable Energy Sources Act (EEG) entered into force in 2000. The data above therefore describes electricity price developments while the different iterations of the EEG applied.  However, the figures are of course only partially related to EEG effects, and Destatis did not say to which extent.

Source: Destatis

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