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German electricity is the most expensive in the world

An international study revealed that electricity prices for German households are higher than ever before. The comparison portal Verivox compared the electricity prices of 133 countries and came to a surprising result.

Published: November 10, 2021, 10:47 am

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    “The price data shows that electricity in Germany is on average 174 percent more expensive than in the rest of the world. Consumers in Germany have to pay 31,80 cents per kilowatt hour – the international average is 11,62 cents,” RT Deutsch reported.

    In the US, consumers only have to pay half that. After Germany comes Denmark, where a kilowatt hour costs 29,38 cents. This is followed by Belgium, the Cayman Islands, Cape Verde, Ireland and the United Kingdom. The cost of one kilowatt hour in Venezuela, Sudan, Libya, Iran, Ethiopia and Kyrgyzstan is less than a cent.

    The average per capita electricity consumption in Germany is around 1,300 kWh/year. A four-person household comes to around 4000 kWh/year. Most electricity is consumed by household appliances that are in constant use like refrigerators. If the hot water has to be heated by electricity, the costs increase. The electricity bill is around 1 270 euros per year without hot water. If hot water with electricity is added, the costs rise to 1 590 euros. This means that costs have increased by more than 50 percent since 2014.

    If purchasing power in Germany is taken into account, the Federal Republic ranks 15th in global electricity prices. But it remains in first place among the G20 countries.

    Households now have to pay a third of their net income for rent and energy and in big cities it is even half of the net income.

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