Real estate - Ista: Significant additional costs for tenants for oil and gas
According to a forecast by energy service provider Ista, many rental households can expect heating costs to rise significantly in the current heating period. Ista cites increased consumption and significantly higher costs for oil and gas as the reasons for this. For district heating, however, Ista expects lower costs.
From September to November, the consumption of heating energy by private households rose by twelve percent compared to the same period last year, adjusted for weather conditions, the company reported in Berlin on Wednesday. Heat consumption was therefore at least at the same level as before the energy crisis. "The more economical behavior of last winter has not been repeated so far this year," it said. People are heating more generously again, explained Ista boss Hagen Lessing according to the press release.
"Consumers are apparently lulled by the supposed security of lower energy prices," Lessing continued. In reality, however, the price level for oil and gas this winter is significantly higher overall than last year.
Wholesale prices for heating oil and natural gas have fallen again since the respective peaks last year. Nevertheless, the cost of natural gas is expected to rise by around 61 percent and heating oil by around 34 percent in the current heating period. "There is a real cost trap lurking here for many tenants," says Lessing. The increases are based on the average prices of 7.4 cents per kilowatt hour of natural gas and 9.3 cents per kilowatt hour of heating oil calculated by Ista for 2022 in bills for 2.7 million apartments. For district heating, on the other hand, Ista expects a decrease of 24 percent - starting from 12.5 cents per kilowatt hour in 2022.
In this context, the Ista CEO referred to a new, publicly accessible monitoring tool to show current heat consumption, the "Heiz-O-Meter", which was to be presented in Berlin on Wednesday evening. It is fed with current monthly heating data from around 350,000 households in Germany. The actual consumption of heating energy in the previous month is determined from this data in the middle of each month throughout Germany, in the individual federal states and in the 20 largest cities. "This produces up-to-date, representative, weather-adjusted and comparable values," it said. The company advertised that this would enable rental households to better classify their current heating behavior based on the general consumption trend.
Homepage Heating-O-Meter
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- Tenants in North Rhine-Westphalia, especially those relying on heating oil, may face significant additional costs during the current heating period due to increased consumption and higher prices.
- In Berlin, Ista reported a twelve percent increase in heating energy consumption by private households from September to November compared to the same period last year, despite higher prices.
- Real estate owners in Hagen, Germany, should be aware that the cost of heating oil is expected to rise by around 34 percent during the heating period, potentially leading to higher maintenance costs for their properties.
- German consumers have been lulled into a sense of security by lower energy prices, but the actual price level for oil and gas this winter is significantly higher than last year, especially for natural gas.
- The "Heiz-O-Meter", a new monitoring tool presented in Berlin, allows rental households across Germany to track their heating consumption and better understand their heating behavior relative to the national trend, potentially helping them to manage their energy costs during the heating period.
Source: www.stern.de
