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 turns a year old today! A quick look back on what we've accomplished and our vision for the future.
The energy market has recently cooled off from record highs and therefore electricity prices have started to fall. As promised, we will now also lower our prices and pass on the savings to you. Read more about our recent price decrease here!