This winter, heating costs for oil and gas users in Germany are expected to be lower compared to last year. According to Verivox, heating oil prices have dropped by 23 percent, and natural gas prices have decreased by 6 percent.
In September 2023, the average gas price was 12.14 cents per kilowatt-hour, now it stands at 11.41 cents. These reductions are attributed to developments in wholesale markets.
Despite the drop, experts advise filling up heating oil tanks now. Meanwhile, new customer tariffs for gas offer significant savings, with potential cost reductions of up to 1,091 euros for a typical household.
Additionally, the CO2 price will rise, impacting overall heating costs. The oil market has also seen unusual trends, with increased production from countries like the USA and Canada countering the OPEC's efforts to stabilize prices.
Weak demand from China further influences the global oil market.
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