Ostrom, along with every other provider, is simply reflecting the current energy pricing landscape. The following chart shows, how the price of electricity has changed within a year. While the average price/kWh was still 7,4 cents in June 2021, one year later it was priced at about 22 cents – an increase of 195%.
One of the main reasons for the rising electricity prices is the reduced amount of gas deliveries of only 20% of the maximum capacity through the Nord Stream 1 pipeline. Why the amount of gas deliveries is related to the price of electricity can be read here.
If you want to know more about the current gas supply situation, read our blog, where we explained the situation in more detail.
Ostrom reduces electricity costs for all customers — saving on average 200€ per year!
Leading US-based investors Adjacent and Union Square Ventures invest in Ostrom to push its energy management platform in Europe.