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 has always offered a flexible tariff with no minimum contract period and 100% green energy. We continue to sell electricity at purchase price and only charge a monthly basic fee of 6€. Therefore, Ostrom does not profit from the rising electricity prices, as the purchase price for us also increases by the same amount as for our customers. In fact, we have decided not to pass the peak August prices to protect you, our customers, from the worst of the crisis so far.
Ostrom adapts to the market conditions. Ostrom still sells electricity at cost and customers remain flexible!
With over 1.5 million followers on Instagram and Youtube, most people may know her through her social media posts. What you should know is that Diana is also an entrepreneur focused on sustainability and digitalization through her fund Rawr Ventures.