"Market developments"

Vorarlberg’s Illwerke VKW reduces electricity price again

Good news for Vorarlberg households: As of July 1, the electricity price will be lowered once again. Market developments have made this possible, according to the energy supplier. 

The Vorarlberg energy supplier "illwerke vkw" announced a further reduction in the price of electricity on Tuesday. According to the press release, a kilowatt hour will only cost 10.7 cents net from July 1 instead of the previous 12.2 cents. CEO Christof Germann justified the move with market developments. The price is guaranteed until March 31, 2025. The price adjustment will be carried out automatically, without any action on the part of customers.

For a typical household with an annual consumption of 3,500 kilowatt hours, the savings resulting from the further reduction in energy prices amount to around EUR 40 gross per year, according to vkw. Including the state's electricity discount of 3 cents per kilowatt hour, Vorarlberg residents are offered the lowest electricity price in Austria, according to Germann.

In view of the further price reduction, NEOS state spokesperson Claudia Gamon once again called for the abolition of the state electricity rebate of 3 cents, which she described as more than a superfluous watering can subsidy.