Economics Expensive gas price recovery not in sight Vorarlberg

Economics: Expensive gas: price recovery not in sight Vorarlberg

Business

Vorarlberg energy group illwerke vkw also significantly increased the price of gas for private homes in April. For an average family, this means 90 euros more per month. According to the company, gas will not be as cheap as in recent years, even after the end of the energy crisis.

02.03.2023 17.28

Online since yesterday at 5:28 pm

Anyone who heats with gas will soon pay significantly more. So far, the 30,000 affected families in Vorarlberg have paid four cents per kilowatt-hour, from April it will be ten cents. For an average home with an annual consumption of 15,000 kilowatt hours, this means 90 euros more per month. This has to do with the world market situation. Unlike electricity, the state supplier has to buy all the gas.

More LPG on the market

High prices will therefore remain, illwerke-vkw spokesman Andreas Neuhauser fears. Natural gas was very cheap for a long time, but now the price has moved closer to other fuels such as pellets or heating oil – the price advantage has been lost. Neuhauser assumes that the price of gas will not reach the low level of recent years. The reason for this is that more liquid gas is used, which is more expensive to produce.

Electricity prices will also rise from April 1

The price of electricity will also increase from April 1st. So illwerke vkw customers will no longer pay ten cents, but just under 24 cents per kilowatt-hour consumed. This was confirmed again by illwerke vkw on Wednesday. Previously, there were discussions about whether the electricity price increase announced by illwerke vkw was justified after a decision by the commercial court in Vienna overturned the price increase by electricity producer “Verbund”. The FPÖ, SPÖ and NEOS in Vorarlberg then submitted a request according to which the state government should obtain the reversal of the increase in the illwerke vkw – more about this in the electricity price increase currently remains untouched.