Electricity is cheaper from now on – and the new bonus is coming

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As of now, the electricity price brake starts in Austria – and brings savings of around 500 euros. Another electricity price bonus is being finalized.

With immediate effect, the electricity price brake comes into force in Austria and is expected to save households up to 500 euros annually.
On Thursday, the electricity price brake will start in Austria. According to the government, this should save an average household 500 euros annually. The bad news: Electricity prices will remain at a “very high level,” says Michael Strugl of the industry association Österreichs Energie. The good news: The electricity price brake will provide a remedy. The goal is that households will only have to pay 10 cents net per kilowatt hour, even if the kWh price is far higher.

However, there is an upper limit. A maximum of 30 cents per kWh is subsidized. That means: At 40 cents regular price for the kilowatt hour, you pay only 10 cents. Above that, you don’t pay any more. With 45 cents for the kilowatt-hour, it is 15 cents at a price to be paid, with 50 cents 20. Actual consumption of maximally 2,900 kWh is promoted. According to government calculations, that is about 80 percent of the average consumption of a three-person household.

The subsidy applies to primary residences and secondary residences – and automatically in all cases. According to the climate protection ministry, the electricity price brake will already be considered in all installment bills sent from December 1. According to the policy, the measure is set to expire on June 30, 2024. Work is still underway, however, on an additional model.

Households with more than three people will receive a subsidy of up to 30 cents for 350 kWh per additional person as an additional quota. According to calculations, this should bring further relief and 105 euros per household. The responsible persons say that the model is finalized and will become effective in the spring.

-source: heute.at/picture: Bild von Alexander Stein auf Pixabay

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