Vienna Energy Customers are Now Paying Lower Prices for Electricity and Gas
Wien Energie, the municipal energy supplier in Vienna, has announced that it is investing an additional 50 million euros this year in offers for customers to reduce their electricity and gas prices. This follows positive market developments and comes after spending 340 million euros on price reductions last year. The price reduction applies to most households whose price guarantee expires in the summer, but not all. Some households will continue to benefit from the price guarantee until April 2025.
Smaller businesses will also see their electricity and gas tariffs automatically reduced in July, with reductions of up to 56 percent depending on the contract. Household electricity prices may fall by up to 55 percent, while gas prices are now between 7 and 20 percent cheaper than last year. These price adjustments are a result of falling indices underlying the contracts, indicating a shift in approach from last year. Wien Energie continues to offer discounts on district heating, but it is unclear if there will be additional price adjustments this year.
In addition to these tariff reductions, Wien Energie has extended its electricity price reduction of 14.9 cents per kilowatt hour (kWh) to new customers of the Energy Alliance providers EVN and Burgenland Energie. Customers who commit to a further year will receive an additional discount, bringing the consumption price down to around 12.9 cents/kWh. To take advantage of this offer, customers must actively sign up by September 16th through the Wien Energie customer service center.
This move by Viennese officials represents a significant shift in approach from previous years when Wien Energie mainly offered discounts due to contractual constraints preventing unilateral changes. However, current price reductions reflect positive market conditions and demonstrate a commitment by Viennese officials towards providing affordable energy options for its residents.
Overall, these tariff reductions represent good news for Vienna’s energy consumers as they can now enjoy lower electricity and gas prices starting in July.