3 cents per kilowatt-hour in August, marking the lowest point of the year so far
Competitive gas suppliers are passing these reductions onto consumers in the form of lower rates for new contracts, aiming to attract customers This represents a considerable shift from earlier in the year when the average price for the most affordable gas contracts for new customers stood at around 10 cents per kilowatt-hour (including basic fees) Throughout the summer months, prices gradually decreased to approximately 9 cents per kilowatt-hour
The analysis demonstrates that these lower prices can translate to substantial cost savings for consumers For a single-family home with an annual consumption of 20,000 kWh, annual heating costs at a rate of 9 cents per kilowatt-hour are approximately 1,800 Euros
However, consumers who have not actively sought more competitive gas tariffs and continue to receive gas through standard local supply are currently paying around 14 cents per kilowatt-hour, resulting in annual heating costs of approximately 2,800 Euros This amounts to a yearly difference of around 1,000 Euros, highlighting the potential financial benefits of comparing and switching gas providers
