Many factors play a role. The amount of the investment costs, changes in the residential area, the time factor, etc. What are the best overall consequences to expect?

The end of electricity and gas price caps: these are the costs homeowners can expect
First, the good news: the removal of electricity and gas price caps will be significantly less dramatic than initially assumed. Nevertheless, consumers must expect rising energy prices in 2024.
In terms of electricity prices, it is primarily the increases in value-added tax and the abolition of subsidies for grid fees that will have an impact on prices. This is because the announced €5.5 billion in subsidies for grid fees in 2024 will not be forthcoming, which will lead to higher prices.
Although there are regional differences, Check24 predicts that grid fees for electricity customers will be around twice as high. A model household with four people and an annual consumption of around 5,000 kWh would then have to pay over 100 euros more net, plus VAT.
Rise in gas prices
Furthermore, the comparison portal Check24 has calculated that the rising price of CO₂ will have a particular impact on oil and gas prices. For a representative household with an annual gas consumption of 20,000 kWh (equivalent to a family of four), this means an additional net burden of $60 per year compared to 2023. The lifting of the gas price cap next year will lead to a further increase in costs of €90 for the household mentioned above, according to Check24. This will result in a total additional burden of €150 in 2024 compared to the current year.
Switching providers is worthwhile
Due to the stabilization of energy market prices, alternative providers are now significantly cheaper for new customers than the conditions guaranteed by price brakes. Switching contracts in 2024 promises considerable savings and remains unaffected by the expiry of the price brake. Owners should now check whether their current kilowatt-hour price for electricity is below 40 cents and for gas below 12 cents. If it is above this, a tariff change is advisable in the near future.
In 2023, energy price brakes capped electricity at a maximum of 40 cents per kilowatt hour, gas at 12 cents, and district heating at 9.5 cents. The reduced prices applied to 80 percent of a household's previous consumption. However, these have been abolished since January 1. The good news, however, is that most energy tariffs for electricity and gas are likely to be below the capped prices. According to Check24, customers with basic service will feel the impact of the price cap being lifted more than consumers who have opted for alternative providers.
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Notes
For reasons of better readability, the generic masculine form is used in this text. Female and other gender identities are expressly included insofar as this is necessary for the statement.
Legal notice: This article does not constitute tax or legal advice in individual cases. Please consult a lawyer and/or tax advisor to clarify the facts of your specific case.
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