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Munich’s SWM to Cut Electricity Rates From February With Per‑kWh Reduction

Lower procurement and network costs enable the change despite rising state levies.

Overview

  • The work price per kilowatt-hour will decrease on 1 February 2026, while the annual base fee will rise.
  • SWM estimates a model household using 2,500 kWh a year would pay about €95 less annually, roughly an 8.9% drop.
  • The net effect depends on consumption, so some low-usage customers could see smaller savings or higher bills.
  • The utility will notify all electricity customers individually in writing and publish details on its website.
  • The adjustment follows a recent SWM announcement that natural-gas prices will also fall for most customers in the new year.