Cartel office warns: Electricity prices could continue to rise!

Cartel office warns: Electricity prices could continue to rise!

Bonn, Deutschland - The President of the Federal Cartel Office, Andreas Mundt, comments on the compliance with European legal provisions by short message service X. According to Mundt, this requirement is "not negotiable". He referred to the progress of the meta group, operator of Facebook and Instagram, which has already met "essential demands" of the cartel office. Customers now have the opportunity to decide how their data is used. Mundt advises users to find out more about their choice in order to gain more clarity about data use, such as krone.at reported.

At the same time, the Bundeskartellamt is planning a comprehensive examination of the latest price fluctuations on the electricity market. These rashes, which reached record marks at short notice due to little sun and wind energy, could indicate a "risk of abuse", which Mundt describes as "given". However, the president pointed out that these price increases could also be interpreted as a normal market process, especially since the domestic offer was scarce and electricity had to be imported. He emphasized that the competitive authority already has the necessary data on the use of power plant and that the energy companies are under their supervision, reported regionalheute.de .

monitoring of electricity prices

The energy group RWE is particularly the focus of the investigations. According to Mundt, RWE could theoretically influence the prices by restricting capacities, but this does not mean that this is currently happening. Nevertheless, RWE's power plant park is indispensable for the German electricity market, while EnBW stands out as a leading provider in the area of control energy. Forecasts that there could be further price fluctuations in the electricity market, which draws attention to the market leadership and the behavior of these large companies.