Adjustment of advance service costs

The next adjustment of advance service costs will take place on January 1, 2023 In 2021

DUWO already intended to move the adjustment of the advances from 1 July to 1 January. At the time, we asked the tenant organizations for advice on this. They were of the opinion that the residents did not benefit from the change and initially advised negatively. Because energy prices are currently rising faster than expected, a new situation has arisen. DUWO concludes its energy contracts per calendar year and due to multi-year agreements with the energy suppliers, major energy price increases are covered until 2023.

From 1 January 2023, DUWO expects a higher energy rate for its residents. Both DUWO and the tenants' organizations agree that, in view of the circumstances, an adjustment of the advance service costs on 1 January is more desirable. It will not yet be clear on 1 July 2022 what the rates will be as of 1 January 2023. The chance is then too great that the advances charged to the tenants do not match the actual costs and lead to unpleasant surprises afterwards. For this reason, the tenant organizations have given a positive advice to DUWO to adjust the advance payments as of 1 January 2023.

It has been agreed that this will be a one-off for the time being. This change will be evaluated in 2023 and we will discuss whether the adjustment of the advance service costs will take place on a structural basis on 1 January each year.

At the beginning of December, tenants will receive a letter containing the new amounts of the service costs.