The energy market has finally started to calm down after the turbulent months that resulted in extremely high electricity prices. Our predictions seem correct so far, and we hope that the trend will continue throughout the second half of 2022. The wholesale electricity prices for February have already gone down, so naturally, we’re adjusting our prices and passing the savings directly on to our customers.
The chart above shows the sky-high wholesale electricity prices we were dealing with end of 2021/beginning of 2022. Prices have begun to fall thanks to a mild winter, and with the current political situation already reflected in current prices, the price level will also start to normalize. However, despite this recent improvement, prices will still be comparatively higher in the coming months (and possibly even years) than in previous years.
Transparency is the be-all and end-all for us, and so we now want to pass on the current price reductions to you, while hoping that the current political tensions will not escalate any further. We had planned a larger price reduction, but the future of the energy market is difficult to predict right now, so we'll remain a little cautious for the time being. Once the global political situation has calmed down, the time will hopefully come for further price reductions. And we will of course pass these on to you directly.
As promised, we always pass price reductions on to our customers. While we don’t offer a price guarantee, we do guarantee that our flexible contract model means all our customers pay the same tariff based on the current market. Ostrom will always be cost-effective, and we’ll always treat all our customers fairly.
Here you can learn more about our tariff structure, and here you can find more information about previous price adjustments.
Photo by Matthew Henry on Unsplash
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.