Energy prices rise: Saving through the change of provider becomes a mandatory!

Energy prices rise: Saving through the change of provider becomes a mandatory!

In January 2025 there was a remarkable increase in inflation in Austria, which climbed by 3.3 percent compared to the previous year. The main responsibility for this increase are the dramatically increased energy costs, triggered by leaving the electricity price brake and higher network fees, such as kosmo.at Despite the inflation, however, there is attractive savings potential: Households in Austria can save many hundreds of euros a year by changing the provider of electricity and gas. According to Maximilian Schirmer, managing director of tariffe.at, a change of the supplier could in the best case relieve up to 498 euros annually.

opportunities when changing providers

Especially in federal states such as Lower Austria and Burgenland, numerous households can benefit from cheaper tariffs. Households with a power consumption of 2,600 kWh could save up to 219 euros a year by changing the provider alone. However, the survey result from tariff.at shows a lower willingness to change: only 41 percent of Austrian households consider a change of tariffs, although a regular comparison is recommended to cushion future price increases.

On the other hand, the economic trends in Germany show that people there are currently strongly saving. According to a extrapolation of the DZ Bank, the nominal financial assets of private households in 2024 were 9.3 trillion euros, an increase of almost six percent compared to the previous year, reports zdf.de . The uncertainty regarding the economy continues to raise the savings rate of the Germans. Currently, the citizens have saved an average of EUR 11.1 per 100 euros, which indicates an increasing trend towards saving, especially in view of the ongoing inflation and volatile markets.