Wholesale prices for electricity and gas are rising

Wholesale prices for electricity and gas change noticeably in January. The monthly electricity price index (ÖSPI) rose by 14.2 percent compared to the previous month; compared to January 2024, the index is 26.9 percent higher, as the energy agency announced on Monday. The monthly gas price index (ÖGPI) will increase by 2.7 percent in January 2025 compared to the previous month. Compared to January 2024, the index is 26.4 percent higher.

Short, medium and long term considerations

ÖSPI and ÖGPI are each presented in three forms, on a monthly, quarterly and annual basis. The basis for the calculations are futures products on the EEX electricity exchange for the Austrian market area. The values ​​correspond to average prices that are determined based on short, medium and long-term considerations.

ÖSPI fell by 17.6 percent on an annual basis

So while there is currently an increase in the short term, in the long term things look different. Compared to the annual value for January 2024, the current ÖSPI is 17.6 percent lower on an annual basis. The wholesale price does not have a direct impact on consumer prices – with the exception of floater tariffs.

By Editor

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