Stromio contracts terminated – customers fall into basic service

Electricity discount

Low-cost electricity provider Stromio must stop delivering.

(Photo: dpa)

Kaarst According to the network operator, customers of the electricity provider Stromio have been receiving their electricity from the local basic supplier since Wednesday. The reason: The four transmission system operators (TSOs) terminated their contracts with Stromio at short notice. The so-called balancing group contracts ended on Tuesday. “Stromio could no longer meet its balancing group obligations,” said a spokesman for the transmission system operator 50Hertz. The termination was also confirmed by Amprion, TransnetBW and Tennet.

Stromio, based in Kaarst in the Rhineland, could not initially be reached for comment. There was initially no information about the termination on the website either. Several media and an internet portal had previously reported on the termination by the TSO. It was not known how many customers are affected.

However, consumers do not have to fear a power outage. The current continues to flow. The consumer center reports: The local basic supplier takes over the electricity or gas supply initially as a so-called replacement supply. The basic supplier is always the company that supplies most of the customers in a certain network area. Mostly these are the municipal utilities.

At the beginning of December, Stromio’s sister company gas.de stopped delivering gas to household customers after the balancing group contracts were terminated. The companies have the same managing director and jointly operate the Grünwelt Energie sales brand, which was also affected. Stromio and gas.de via several intermediate companies to form the Dutch Callax group of companies.

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Gas.de had given an “unprecedented price explosion at European energy trading centers” as the reason for terminating the balancing group contracts.

The transmission system operators terminate such contracts if, for example, an electricity provider no longer delivers as much electricity as it should. The reason for this could, for example, be the currently high purchase prices in wholesaling, provided the provider has not concluded long-term electricity supply contracts.

More: Another energy provider stops deliveries – what consumers need to know now

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