Electricity and gas will probably become even more expensive

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Relief measures such as the reduction of energy levies provided a brief easing in household prices for electricity and gas in May. However, this effect was offset by the rise in prices of other energy sources, the Austrian Energy Agency admitted. In a year-on-year comparison, energy prices nevertheless rose by 38 percent overall in May. The experts expect further price increases.

“Anyone who wants to sign a new contract must currently expect enormous price increases for new customer tariffs,” the Austrian Energy Agency said in a statement provided to APA.

Household gas prices fell by 1.9 percent in May compared to the previous month of April. Year-on-year, however, gas prices were 73.5 percent higher than in May 2021. Household electricity prices decreased by 6.0 percent month-on-month. Year-on-year, they were 3 percent higher. The reason for the month-on-month price decline was relief measures, the report said.

Heating oil prices increased 1.7 percent in May compared with April. Year-over-year, May 2022 to May 2021, heating oil was nearly twice as expensive. A typical tank filling of 3,000 liters thus cost about 4,100 euros.

Super gasoline cost 3.6 percent more in May than in April and 42 percent more than a year ago. A tank filling (50 liters) came to an average of almost 90 euros at the pump in May, about 4 euros more than in the previous month of April. Compared with May of the previous year, around 25 euros more had to be paid for a tankful. Diesel prices also rose. In the monthly comparison a plus of 1.6 per cent was to be observed. This meant that the fuel was 56.8 percent higher than in May 2021. Diesel also remained more expensive than premium gasoline in May.

Pellets and firewood also became more expensive. Compared with April, prices for wood pellets rose 6.8 percent in May, and were 44.4 percent higher year-on-year. Firewood prices posted a 5.2 percent month-over-month increase. Compared to May 2021, prices for firewood increased by 26.6 percent.

Household prices for district heating were unchanged from the previous month of April. Year-on-year, however, district heating prices were 16.6 percent higher.