Ostrom adapts to the market conditions. Ostrom still sells electricity at cost and customers remain flexible!

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Ostrom remains true to itself. A flexible tariff with no minimum contract period and 100% green energy. We continue to sell electricity at the 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.

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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%.

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As you can see in the picture below, the average price/kWh is now close to 60 cents. An all-time high!

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Reduced Gas Supply From Russia Drives Up Electricity Prices

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.

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If you want to know more about the current gas supply situation, read our blog, where we explained the situation in more detail.

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Sources:

https://bit.ly/3BMQJoD

https://bit.ly/3p0tqQu