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Wednesday, February 14, 2007

Gas prices to fall

Good news in these times of ever-increasing energy prices: Berlin's dominant natural gas supplier, GASAG, will lower its price for gas by 30 cents per kilowatt hour, which works out at about 5%. A four-person household which uses 20,000 kilowatt hours a year will save around €60.

Reason for the reduction: gas prices are linked to oil prices, which have been falling recently. Competition from  gas market newcomer  NUON is also said to have influenced the decision.

Announcement from GASAG:

http://www.gasag.de/de/privatkunden/news/news/2007/2007_02_13_Preissenkung.doc.html (German) 

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