Customers with a variable contract will pay 48 cents per kilowatt hour for electricity and 1.83 euros per cubic meter for gas from 1 April. Both rates include VAT and energy tax. Both rates are also above the price ceiling, which is 40 cents per kWh and 1.45 per m3 respectively.
Discount for loyal customers
Thanks to some kind of loyalty discount for electricity, about half of all customers with a variable contract eventually receive a rate that is below the price ceiling. It concerns about 700,000 customers, of the company’s 1.3 million customers with a variable contract.
Incidentally, about 80 percent of private customers are already below the price cap, the company adds. In any case, they do not pay more than the above-mentioned rates of 40 cents (for electricity) and 1.45 (for gas).
Installment amount down?
Customers of the company will be informed before March 1 what the new rates will affect the monthly installment amount they have to pay. It stands to reason that this amount can be reduced. If this is the case, it will happen automatically, Vattenfall promises. Customers will be notified by February 28 at the latest.
Vattenfall is the first major energy company to lower tariffs below the price cap. The smaller Budget Energy previously reported that it is lowering its rates below the price ceiling. The new rates are valid for at least three months.
