Make use of the statutory special right of termination in the event of an electricity price increase

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Everyone resents the fact when electricity prices are increased. However, most of them are not aware that termination would be possible in this case. However, a statutory special right of termination entitles every customer to terminate the contract as soon as the electricity price increases.

There is not just one electricity provider.
There is not just one electricity provider.

What the statutory right of special termination says

Paragraph 5 of the StromGVV grants every customer a special statutory right of termination as soon as an electricity price increase has taken place. In detail this means:

  • Your electricity provider must inform you in good time that the prices will be increased. You can then make use of the special statutory right of termination if you do not agree to this price increase. In this case you have to find a new electricity provider.
  • Even if your electricity provider changes the terms of the contract, you have a special statutory right of termination. In this case, you will also have to look for a new electricity provider independently, because after the period of notice has expired you will not receive one from your previous electricity provider current more.

Your options in the event of an electricity price increase

If your electricity provider would like to increase the electricity price, but you do not want to accept it, you can make use of the special statutory right of termination.

  • Your electricity provider must inform you of the new prices in good time so that you have enough time to terminate your contract.
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  • The notice period is four weeks before the electricity price increase occurs. If the electricity price increase occurs, for example, on 1.1. you must have given notice by November 30th at the latest so that the notice period of four weeks is met.
  • You should always write the letter of termination in writing and send it by post. It would be safest if you send the letter by registered mail.
  • Also note your meter number, meter reading and contract number in your cancellation letter. With this data, the termination nothing go wrong.
  • It would still be safe if you mention in the letter that you are making use of your statutory special right of termination due to the increase in electricity prices. Also mention the date on which you are canceling.

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