Germany Sees Surge in Electricity Prices for New Customers Amid Iran War
In February 2026, households consuming 4,000 kilowatt-hours annually paid roughly 24 cents per kilowatt-hour for the cheapest 12-month fixed-rate plan. That same plan now costs around 28 cents per kilowatt-hour, representing an increase of nearly 16%.
The surge has largely negated the relief provided by a €6.5 billion ($7.5 billion) government subsidy introduced last year to reduce transmission network fees.
"Such price increases affect offers for new customers fastest, because these are calculated particularly short-term," said Thorsten Storck, an energy expert.
"We haven't yet seen an increase among existing customers. However, if international energy prices remain at the current high level, existing customers in Germany will also receive price increases," he added.
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