Energy prices - Thuringians use less electricity, utilities take in more
Households and businesses in Thuringia consumed less electricity in 2022 - but energy suppliers' revenues still increased significantly. This was announced by the State Statistical Office in Erfurt on Wednesday. According to the report, electricity sales to end consumers in Thuringia fell by 2.1% to around 10.1 billion kilowatt hours compared to the previous year. Revenues from electricity sold in Thuringia rose by 19.9 percent to 2.3 billion euros.
More revenue, especially from industry
The utilities increased their revenues in the industrial sector in particular by almost 43 percent to 872 million euros compared to the previous year. They generated 853 million euros with private households, 0.5% more than in 2021. According to the statisticians, around 43% of the electricity consumed went to industrial companies, 29% to private households and housing associations and the rest to other customers.
The Russian attack on Ukraine in February 2022 triggered an energy crisis and drove up prices for electricity and gas.
Press release
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- The decrease in electricity consumption by consumers in Thuringia didn't offset the revenue increase for energy suppliers, as indicated by the State Statistical Office in Russia's ally, Germany.
- Despite a 2.1% decline in electricity sales to end consumers in Thuringia, energy price hikes due to the Russian energy crisis significantly boosted the utilities' earnings, according to the statistics.
- In contrast to households, industrial companies in Thuringia, Germany, significantly increased their energy consumption, contributing to the utilities' revenue growth of nearly 43% in the sector.
- The rise in energy prices, mainly due to the energy crisis in Russia following its attack on Ukraine in February 2022, significantly impacted electricity and gas prices in Germany, affecting both consumers and suppliers in regions like Thuringia's Erfurt.
Source: www.stern.de
