Wood pellet prices November 2017:
Details and charts
Price for bulk wood pellets
The price survey done by proPellets Austria resulted in an average price of 23.29 €-Cent per kg of wood pellets or 4.75 Cent per kWh.
• Compared to previous year +3.4%
• Compared to previous month +0.8%
Cost advantage to fuel oil
Wood pellets currently offer a price advantage of
• 50.4% as opposed to extra light heating oil and
• 73.4% as opposed to natural gas
Current comparison of costs
One great advantage of wood pellets are the low costs compared to other fuels. No other fuel with the same degree of user comfort can keep pace with wood pellets in terms of cost-efficiency.
Long-term comparison of costs of various fuels
The long-term price development of various energy sources shows the advantages of wood pellets: Ecological heating is economically attractive.
Pellet Price Index PPI 06
The starting point (value 100) is January 2006, the beginning of our systematic price surveys.
The current value: 131.00
Price for wood pellets in bags
Wood pellets in bags cost an average of € 3.97 per 15 kg bag (when ordered by the pallet).
• Compared to the previous year: +3.1%
• Compared to the previous month: +0.1%
Seasonal price fluctuations
Ordinarily the prices for wood pellets vary throughout the year with particularly favorable prices being offered in spring when local pellet producers advertise so-called „storage offers“. On average, the wood pellet prices during the special storage offers in the months of April and May are about 10% lower than prices in winter.
Life-cycle costs of various heating systems
A study by the Austrian Society for Environment and Technology (ÖGUT) on the basis of various consumption scenarios shows that switching from an old, oil-fired heating system to a wood pellet-fired heating system pays off in any case.
Wood pellet price caught in the wake of the price of fossil oil? Not at all.
It has repeatedly been claimed that the prices for wood pellets are somehow bound to the prices for mineral oil and therefore "follow" them. However, the development in recent years has shown that this is not the case. While the costs for heating oil are subject to extreme price fluctuations, the costs for wood pellets are largely stable. The average wood pellet price in 2012, after adjusting for inflation, was lower than the wood pellet price in 2002. One brief price peak in 2006 occured as a consequence of the particularly cold and snowy winter, which caused problems with timber transport as well as of the rapidly increasing demand. In the meantime over 400 wood pellet plants have been built all over Europe. Production capacities in Austria nearly doubled. Furthermore, the standardization of European quality standards (ENplus) has increased the permeability of the markets. Today, a high degree of supply security and price stability exists.
Methodology of the survey
Wood pellet prices are compiled by proPellets Austria on a monthly basis since 2006. More than 70% of the traded pellet quantities are included in this price survey at 40 pellet dealers, thereby representing a reliable indicator for the development of the market prices.
We ask for the price of a delivery of loose pellets of 6 mt, 17 mt for commercial use and for pellets in bags. The two highest and the two lowest prices we eliminate before we average the remaining quotations of the pellet dealers.
The survey of the wood pellet trade principally takes place in the first week of the month. Results are published under Current Pellet Prices around the 25th of each month.