German Household Heating Costs Dropped Significantly in 2024

A warmer year and lower fuel prices led to reduced heating expenses, though costs remain higher than pre-Ukraine war levels.

Heating costs for households using gas or oil fell by an average of 12% and 8% respectively in 2024 compared to 2023, according to Verivox data.
The average gas price dropped to 11.05 cents per kilowatt-hour in 2024, down from 11.88 cents in 2023, but still nearly double the pre-Ukraine war level of 6 cents.
Oil-heated households saw average costs decrease to €1,629 in 2024, with the price of light heating oil falling from €104 to €99 per hectoliter.
Reduced heating demand due to warmer weather was a key factor in the cost decline, alongside lower fuel prices.
Gas prices have risen slightly at the start of 2025, with current rates for new customers averaging around 10 cents per kilowatt-hour.