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Germany's Energy Regulator Sees Power Bills Stable or Falling in 2026

A €6.5 billion state relief on grid charges underpins the outlook.

Overview

  • Growing renewable generation is expanding supply and pushing down wholesale electricity costs, the regulator said.
  • The agency urges cheaper grid expansion using more overhead lines instead of costly underground cables and setting stronger efficiency incentives.
  • Klaus Müller calls for a fairer split of network costs with greater contributions from operators of rooftop systems and solar parks.
  • Gas supply is assessed as secure this winter through LNG terminals and pipeline imports from neighbors, with national storage around 60% and the Rehden site near 28% yet not deemed critical.
  • Gas prices are currently easing on weaker demand, but the regulator expects increases over time due to higher CO2 charges and rising gas network fees as customer numbers decline.