Estimated Heat Cost: Price Analysis
In a recent development, energy prices for households and fuels have seen a significant decrease, with August 2021 prices being 6.3% lower than those in August 2019. This trend is also evident in the diesel market, where the average price fell by 36% compared to 2020.
However, a rising CO2 price is set to impact the economy, particularly affecting the poorer population segments. From January 2021, consumers will face significantly higher energy prices.
The CO2 price, set to reach €55 per tonne by 2025, will primarily affect heating fuels and fuels like diesel and gasoline, not directly electricity consumption. For a household with an annual energy consumption of 20,000 kWh, the additional cost due to the CO2 price will be €119 per year (gas) or €158 per year (diesel). This equates to approximately €10 more per month for the household.
It's important to note that the average price for 2,000 liters of diesel in August was €814, the lowest in the past ten years, and the average price for 20,000 kWh of gas was also the lowest in the past decade at €1,154.
Those who burn fossil fuels will have to pay an additional €25 per tonne of carbon dioxide (CO2) emitted. By 2025, this will translate to an additional cost of €158 (diesel) or €119 per year for a household with 20,000 kWh of energy consumption.
While current energy prices are lower than in previous years, the gradual increase in the CO2 price is a factor that households should consider when planning their energy expenses in the coming years.
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