EnviaM cuts electricity and gas prices for customers

The eastern German energy company EnviaM wants to reduce prices for electricity and gas. "The bottom line is that prices for EnviaM customers will fall noticeably in the coming year," said Stephan Lowis, head of the largest eastern German energy supplier, to the "Leipziger Volkszeitung" newspaper, referring to the price of electricity. The background to this is that the grid fees in his company's supply area will be around ten percent cheaper.

A reduction in end customer prices is also planned for gas, Lowis continued. Security of supply in Germany is guaranteed and, as a basic supplier, EnviaM is minimizing its risks with a forward-looking procurement strategy. The company supplies around 1.2 million customers in Saxony, Saxony-Anhalt, Thuringia and Brandenburg with electricity, gas and heat.

Renewables boom

There has been a boom in renewable energies in recent years, Lowis continued. In 2019, there were still 1,160 initial inquiries for larger wind and solar systems - this year there were almost 8,000. And for small photovoltaic systems for private individuals, inquiries rose from 4,900 to 69,000 in the same period.

The goal of generating 80 percent of electricity from renewables by 2030 is still not achievable, he continued. Grid expansion is not keeping pace with the expansion of the plants. Less bureaucracy, more efficient state funding and more freedom for suppliers to decide which systems are connected first are therefore needed.