Energy prices 2024
At WattMaestro, we understand how important it is to keep abreast of the latest developments in the energy market. Energy prices have a direct impact on both households and businesses, and it is essential to be prepared for what is to come. In this article, we dive into the expectations for energy prices in 2024. We discuss the removal of the price cap, changes in energy taxation, and the impact of international conflicts on gas supplies. With these insights, we hope to help you make informed choices for your energy consumption in the coming year.
The outlook for energy prices in 2024 shows several key trends:
Price cap and energy surcharge: The price cap was abolished and the household energy surcharge expired in 2024. This means households may start paying more for their energy consumption.
Energy tax: Energy tax on gas goes up from €0.59 to €0.71 per cubic metre (including 21% VAT). In contrast, the energy tax on electricity falls from €0.15 to a lower rate.
Impact of International Conflicts: The conflict between Russia and Ukraine has caused shortages and further price increases. By 2023, the market has calmed down somewhat, but gas supplies remain a concern.
Gas prices: The gas price is expected to continue fluctuating between €25 and €40 per MWh, equivalent to about €1.10 to €1.40 per cubic metre.
These factors indicate that energy prices are likely to remain volatile in 2024, with possible increases in the cost of gas and changes in the tax structure that could affect the overall energy costs for households and businesses.
