EVN, a Lower Austrian energy supplier, is set to lower prices for new contracts starting on April 1, 2024. Customers will have the option to choose between a tariff with guaranteed prices and a commitment for one year or a market-based tariff that is adjusted monthly. The guaranteed electricity tariff will drop to 14.14 cents net (16.9680 cents gross) per kilowatt hour, which is around 47 percent cheaper than the offer from a year ago.
In addition to the lower electricity prices, EVN’s gas prices will also be cheaper in April. The guaranteed gas tariff with a one-year commitment and price guarantee will fall by around 55 percent compared to last year’s offer to 5.30 cents net (6.36 cents gross) per kilowatt hour. The market-based tariff from April will cost 3.3780 cents net (4.0536 cents gross).
Existing customers may also benefit from the new offers, according to EVN managing director Herwig Hauenschild. They will receive a new offer at the latest when their commitment expires. This adjustment in pricing reflects the lower wholesale prices and aims to provide more affordable energy options for consumers.
EVN’s move comes as energy costs have been steadily increasing over the past few years, putting pressure on many households and businesses alike. By lowering its prices for new contracts, EVN hopes to attract more customers and retain its existing ones by providing them with more affordable energy options.
The company has stated that it plans to continue monitoring market conditions and making adjustments as necessary in order to ensure that its customers receive the best possible value for their money.
Overall, EVN’s decision to lower its prices for new contracts represents a positive step towards providing more affordable energy options for consumers in Lower Austria, and it is likely that other energy suppliers will follow suit in order to remain competitive in the marketplace.
In conclusion, EVN has announced price cuts for both electricity and gas contracts starting from April 1st, 2024. The guaranteed electricity tariff will drop by around 47%, while the market-based tariff will cost significantly less than before. Similarly, gas prices have also been lowered by up to 55%. Existing customers may also receive new offers when their commitments expire at latest timeframe of pricing adjustment reflects wholesale costs reduction aiming at giving consumers more affordable energy options
