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Prices for wood pellets continue to fall at the end of March in Germany
[April 3, 2023]
According to the latest reports from German media, prices for wood pellets continue to fall at the end of March. Minus 29 Euro within one month.
The energy crisis has put a heavy burden on consumers of wood pellets. Households had to pay up to 800 euros per tonne at the end of August 2022. At the turn of the year, prices reached the mark of 500 Euro and have since fallen by more than 50 percent. At the end of March, the mark of 340 Euro was now undercut.
Another good news is that households that heat with heating oil and wood pellets are now to be financially relieved retrospectively after the energy crisis: a maximum of 2,000 euros per household is planned. This is what the federal and state governments have agreed on on 30.
The average pellet price in Germany dropped slightly on Thursday: Currently, the price per ton of pellets is 338.56 Euro. Compared to the previous month, consumers pay 28.75 euros less. Previously, the price had fallen steadily in small steps. Experts are surprised by this downward trend and agree that a fall in the price of wood pellets was not foreseeable to this extent. Once again, the development of energy prices is difficult to predict.
Martin Bentele, Managing Director of the German Energy Wood and Pellet Association (DEPV), is optimistic. "The supply situation for pellets is good – major price jumps such as 2022 are not to be expected in view of the current development." Looking at the price development of previous years, consumers can still find favorable offers, primarily in spring. If you keep an eye on price developments, you can choose the best time to place an order.