Information about electricity prices 2023
On this page, you will find information about the changes to the electricity prices in the basic supply in 2023 and answers to the most important questions from customers.
Questions and answers
Primeo Energie (AVAG) procures most of its electricity from the market. Customers have therefore benefited from very low procurement prices in recent years. With the changed market situation, Primeo Energie (AVAG) now has to pass on the very high market prices to its customers.
Since the start of 2021, wholesale prices on the stock exchanges have seen a steep upward trend, reaching CHF 600 per megawatt hour in mid-August 2022 (a tenfold increase since 2021), by far the highest value in 13 years. Primeo Energie (AVAG) has to significantly raise the price of electricity for the basic supply because of record-high wholesale prices resulting from large power plants in France being off the grid, the effects of the Ukrainian War, and other factors.
No reliable statements are possible about this. The price of electricity on the stock exchanges is the result of supply and demand in the electricity market. In addition, market prices in the electricity sector are closely linked to market prices of other energy sources, e.g. gas, used for producing electricity. The price on the stock exchanges may rise and fall depending on the situation. If electricity prices on the exchanges fall, prices in basic supply for end-users will also decrease. It is currently not possible to predict when this will happen.
No. The increase in electricity prices varies by supplier. The differences depend largely on how much electricity is sourced from own production or procured from the market. Four out of five energy suppliers stated that they procure most of their electricity from the market. This includes Primeo Energie. Customers have therefore benefited from very low procurement prices in recent years. Energy suppliers with a large share of own production have to raise their prices slightly or moderately. In the past, however, they generally had higher prices because their production costs were already above the market.
We recommend that private households use energybox.ch to determine their energy-saving potential and to get valuable information. An energy consultancy can help with more complex issues.
You can easily check your energy consumption in the Primeo Energie customer portal my.primeo-energie.ch. If you have not created a login yet, please select the “Register” tab at the top and fill in the fields accordingly.
For customers with bills on account, the prepayment amounts will be adjusted as a precautionary measure in line with the new estimated electricity costs for 2023.
Electricity price comparison
Calculate your electricity costs for 2023 here and compare them with your current electricity costs.