The European Electricity Exchange runs platforms for trading in many power-related markets. It is located in Leipzig and was created by a fusion of Leipzig’s LPX and Frankfurt/Main’s EEX in 2002.
A study commissioned by Germany’s Green Party has announced that while for years now electricity prices have been steadily falling on the EEX, electricity prices have been steadily rising for Germany’s small private consumers. Cost reductions have not been passed along to private consumers and cost increases have. German consumers are paying an estimated EUR 0.02/kilowatt hour too much, totalling three billion euros this year. High-volume customers, such as industrial clients, have meanwhile negotiated lower electricity prices with the utilities and lower environmental contributions with the government. The Bundesnetzagentur has now calculated e.g. that Germany’s biggest electricity customers consume 18% of its electricity but pay only 0.3% of the alternative energy law costs.
Responding to the report, the power companies blamed the flawed system, which they say is politicians’ fault. Also, they say, high prices are caused by taxes and environmental contributions.
ZDF heute journal reports that small private consumers aren’t switching electricity providers enough to create a sense of market competition.