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German residential electricity prices doubled between 2000 and 2014

10 Oct 2014

According to the German statistical office, residential electricity prices nearly doubled over the January 2000 - August 2014 (+92%), while prices soared for large industrial clients (+76%) and smaller commercial businesses (+79%). This can be linked to an average 35% increase in producer prices over this period; however, prices for redistributors were about 4% lower in August 2014 than in January 2000.
Prices rose significantly until July 2008 when they peaked: +61% on average, compared to January 2000 (+68% for industrial consumers and +76% for distributors). With the beginning of the world economic crisis of 2008 and the rising contribution of renewables in the German power mix, wholesale electricity prices fell significantly; households and small businesses did not benefit from any price decrease and their prices continued to grow between July 2008 and August 2014 (by 36% and 38%, respectively). For industrial consumers, the fall in wholesale prices and direct procurement on power exchanges contributed to a limited growth in industrial electricity bills (+5% between July 2008 and August 2014), while prices for distributors even fell by 46%.

German residential electricity prices doubled between 2000 and 2014
Source: Destatis

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