Major German power supplier hikes prices ...News

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Gas costs will be raised by more than a third due to higher expenses in procurement, EnBW says Germany’s energy giant EnBW AG announced on Tuesday that gas prices for households will rise by an average 38%, starting December 1. The company attributed the hike to higher costs on the wholesale markets. According to the company, the prices will average at €13.54 per kilowatt hour (kWh). The bill for a typical four-person household will grow by an additional €768 ($745) per year. The announcement comes around three months after the previous increase became effective. “As a result of the war of aggression on Ukraine, t

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