Energy prices are exploding: electricity costs will rise significantly by 2025!

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Electricity prices will rise by 45.4% in 2025 compared to the previous month. Tips for reducing costs and current market analyses.

Energy prices are exploding: electricity costs will rise significantly by 2025!

Electricity prices in Austria and throughout Europe are facing a dramatic increase. In Austria, there was a jump in electricity prices by 45.4% in February 2025 compared to the previous month, which corresponds to a third higher costs for an average household compared to January 2024. This development goes hand in hand with the end of support measures and the easing of the turbulent energy price markets, reports eco news. Experts attribute the price increases primarily to higher network costs and taxes, which end consumers can only influence to a limited extent. Lukas Zwieb, from the Austrian Energy Agency, recommends reviewing the energy contract and switching to cheaper providers in order to effectively minimize costs.

Outlook for cost increases until 2025

The forecasts for electricity prices in Europe are bleak. Even regional price reductions, such as the reduction in network fees in Schleswig-Holstein and Brandenburg, cannot stop the general trend. By 2025, the price of electricity in Germany is expected to rise to around 37 cents per kWh, which will continue to catapult the country to the top of electricity prices in Europe stromtarif.biz reported. The main reasons are the rising costs of fossil fuels and increased CO2 prices, which are set to rise from 45 to 55 euros per ton. Overall, it is expected that industrial consumers will also have to reckon with prices of over 50 cents per kWh, while a small relief of around 17 euros gross per year is expected for private households, although this is unlikely to be noticeable given the overall situation.

The tense situation on the electricity market shows how important it is for consumers to question their electricity consumption and invest in energy-efficient devices. Increased use of renewable energies, such as photovoltaic systems, could be a sensible strategy to cover one's own energy needs more cheaply and reduce dependence on external providers.