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 German pellet prices fall further in October
[Oct 16,  2023]

Pellet prices have fallen further and are currently below the prices for oil and gas. The current price per ton on 13.10.

Berlin. In the wake of the energy crisis, demand for wood and pellet stoves rose sharply. But the tide has turned. The German government's Building Energy Act has apparently scared off many interested parties. "The market has completely collapsed in some cases," says Anna Katharina Sievers of the German Pellet Institute. The sales forecast for 2023 has not been reached, she says. However, the falling demand also has its advantages: pellet customers can benefit from the currently favourable prices.

What are the current pellet prices? Our overview shows the current price per tonne of pellets as of today, 13 October.
The data in the following table is based on information from "Heizpellets24" and shows the pellet prices per tonne. The table is updated regularly.

Date Pellet prices per tonne
Pellet prices from 9 October 348.41 Euro
Pellet prices from 10 October 346,16 Euro
Pellet prices from 11 October 346,35 Euro
Pellet prices from 12 October 346.08 Euro
Pellet prices from 13 October 345.95 Euro

Average pellet prices in Germany remain virtually unchanged. After a slight downward trend was observed at the beginning of the month, prices have remained at an almost constant level since this week.

Current pellet prices: Order or wait?

Pellets still have a price advantage over heating oil and gas. In September, the average price per kilowatt hour (kWh) for pellets was 7.65 cents, lower than for heating oil (11.53 cents/kWh) and gas (10.60 cents/kWh). The German Pellet Institute (DEPI), an association that represents the interests of the German pellet industry, also recorded increased production of pellets for the second quarter of 2023, which has pushed the price down. Whether this development will continue remains to be seen. Basically, the following applies: Prices are currently low - a purchase can be worthwhile.

The graph shows: Pellets are still a cheaper fuel compared to heating oil and gas.
Photo: DEPI/Press Graphic

Current pellet prices (09/23):  Regional prices - the differences by federal state
In addition to the time of year, the place of residence is also important. Because there are sometimes significant differences between the federal states. The reason: wood is processed differently in the individual regions and different amounts of residual wood accumulate. Pellets are a regional fuel - therefore prices can also differ from region to region. Roughly speaking, this can be broken down into North/East, Central and South. The data comes from energienutzer.de - as of September 2023.

Region Federal states Pellet prices per tonne (as of 09/2023)

North/East Berlin, Brandenburg, Bremen, Hamburg, Mecklenburg-Western Pomerania, Lower Saxony, Schleswig-Holstein no information at present

Middle Hesse, North Rhine-Westphalia, Rhineland-Palatinate, Saxony, Saxony-Anhalt, Thuringia 380.29 euros

South Bavaria, Baden-W¨¹rttemberg, Saarland 382.34 euros

During the energy and price crisis, the differences between the individual federal states were sometimes much greater. In the meantime, prices have come very close together. There is currently hardly any difference between the south and the centre - but sometimes people in federal states like Hesse, North Rhine-Westphalia and Rhineland-Palatinate even get off a little cheaper. For the north, "energienutzer.de" does not currently provide any information.