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Energy prices drop: Essent and Vattenfall adjust tariffs

From 1 October, customers of Essent and Vattenfall will benefit from reduced energy tariffs. Essent has announced a decrease in the electricity rate to €0.39042/kWh and for gas to €1.32713/m^3. This applies to all 1.2 million households with a variable energy contract. Customers with an average consumption can save up to €118 annually.

Vattenfall follows suit with a reduction of the electricity rate to €0.3463/kWh and for gas to €1.2975/m^3. Notably, Vattenfall is increasing the fixed delivery charges for electricity, meaning customers will pay an extra €3 per month, while the fixed costs for gas are being decreased by €1 per month.

Both energy companies stress the uncertainty of the energy market. Even though prices have dropped for three consecutive quarters, the future development of the energy market during the winter months remains uncertain. This is partly due to rising purchasing prices in the gas market and global developments.

Essent also emphasises the importance of energy conservation and advises customers to invest in items like LED bulbs and draught excluders. With the help of subsidies, customers can also invest in insulation.

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