The decline was even greater in the annual comparison: On average, a household had to spend 16.6 percent less money on energy compared to October 2023, as reported by the Energy Agency, citing their Energy Price Index (EPI). The price drop was particularly significant for natural gas, heating oil, and wood pellets.

Decrease in Natural Gas and District Heating

The prices for natural gas fell by 6.5 percent in the monthly comparison, district heating became 1.8 percent cheaper. The price drop for these energy sources is even more significant compared to the previous year (minus 28.9 percent for natural gas, minus 6.6 percent for district heating). Heating oil became one percent more expensive in the monthly comparison, but the prices fell by 17.9 percent in the annual comparison. The trend was similar for wood pellets: They became 0.6 percent more expensive compared to September 2024, but they became 22.9 percent cheaper in the annual comparison.

There were also significant decreases at the petrol stations compared to October 2023. Diesel prices were 14.5 percent lower than the previous year, while the Energy Agency reported a decrease of 9.1 percent for super petrol.

Household Electricity Prices Have Fallen

Household electricity prices fell by 3.9 percent in the monthly comparison (minus 6.7 percent compared to October 2023). The Energy Agency pointed out that some regional energy suppliers have announced further price reductions for the coming months, but support measures such as the electricity cost brake will be discontinued at the beginning of 2025. Energy Agency expert Lukas Zwieb therefore advises all households to deal with their current electricity tariff and compare offers.

(APA/Red)

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