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German gas costs set to soar this summer

DDP/The Local
DDP/The Local - [email protected]
German gas costs set to soar this summer
Photo: DPA

Natural gas companies in Germany are expected to increase prices by up to 17 percent between June and July, German daily Bild reported on Tuesday.

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The highest price hike will come from RheinEnergie at 16.9 percent, industry analyst Verivox told the paper.

Increases mean that a four-person household that uses 20,000 kilowatt hours per year will now pay €1,500, some €217 more than last year.

According to Bild, up to 67 gas providers will increase prices this summer.

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