Energy customers face significant increases in their bills from this month, with seven suppliers raising prices.
Businesses have repeatedly cited the growing challenges facing the sector due to the war in Ukraine, but have received little sympathy as households and businesses face rising bills due to a global crisis. Cost of life.
It comes just weeks after Pinergy raised the cost of its electricity by 24% for prepaid meter users and 19.2% for billed customers earlier this month.
Here’s a breakdown of what’s happening and when.
SES Airtricity
SSE Airtricity is increasing electricity costs by more than 35% and gas costs by 39% effective today. SSE Airtricity’s latest hikes will see the cost of electricity for its 250,000 customers rise by nearly €600 over one year.
SSE Airtricity had previously raised its prices in May by raising the unit price of its gas by 39% and that of its electricity by more than 30%. It also raised its prices three times last year.
When all these price increases are added together, ESS customers will end up paying more than €1,000 more for their gas and €1,100 more for their electricity each year.
The price increases come after SSE Airtricity Ireland paid a €115 million dividend to its UK parent company last year.
electric ireland
State-owned Electric Ireland is increasing its residential electricity bills by 26.7% and residential gas bills by 37.5% from today.
The latest electricity hike will add €446 over a year to the average household’s bill. Gas prices will jump by €516 per year due to the latest increase.
This is the supplier’s fifth price increase since the beginning of last year.
Gas prices are now an additional €1,100 per year since before the imposition of the five price hikes.
Electric Ireland has approximately 1.2 million electricity customers and 145,000 gas customers.
Its parent group, ESB, reported operating profit up 10% to 679 million euros for last year. Its dividend to the State increased by more than half to €126 million.
PrepayPower
PrepayPower customers will be hit by double-digit price increases for electricity and gas.
Electricity prices are expected to jump 19%, with gas rising 29% from today.
This latest increase will drive up the annual cost of electricity for its customers by €340 over one year, while gas customers will have to pay an additional €428 per year.
When the new hike is implemented, it will drive up the average annual cost of electricity for the supplier’s customers by €700. This means that the annual cost of electricity for a PrepayPower customer will approach €2,000. The annual cost of gas will increase by €900 over a full year.
This is PrepayPower’s third price increase so far this year. Last year, it raised its prices twice.
PrepayPower sells electricity and gas to retail customers on a pay-as-you-go basis.
The company has 170,000 electricity customers and 60,000 gas customers.
community power
Community Power customers will see their bills increase by 38% starting today. This will result in an increase of €60.46 per month based on the annual estimates. Community Power said attempts to increase generation capacity at its community-owned solar farms have been “thwarted over the past year by unforeseen delays.”
Bord Gais Energy
Bord Gáis Energy achieves some of the highest increases seen in this market.
It increases electricity prices by 34% from tomorrow. This will add €579 per year to the average annual electricity bill. Gas increases by 39%, adding €525 per year to the cost of this fuel for households. Permanent loads will not increase.
This is the second time that Bord Gáis has raised electricity and gas prices this year.
All increases combined, households plan to pay more than €1,300 more for their electricity and more than €1,100 more for their gas.
Energy
The company is raising the cost of its electricity, gas and dual fuel for households from next Friday by double-digit amounts.
Electricity prices increase this time by 29%, which will cost a typical household €511 in additional costs over a year. Gas prices increase by 39%, a development that will add €520 to the cost of fuel use over one year.
Dual-energy customers face a 33% increase, adding €1,030 to the annual cost of heating and lighting.
There will be no increase in overnight rates for customers benefiting from smart rates, and there will be no increase in the permanent charge.
This is Energia’s second price increase this year. Last year there were three increases.
The group, which is one of the four major suppliers on the market, has approximately 220,000 residential customers.
When all five increases are taken into account, households have to pay more than €1,200 more for their electricity and more than €1,000 more for their gas over a year.
Energy Flogas
Flogas Energy is the latest company to announce increases. Electricity bills increase by 17% and gas bills by 23% from Wednesday 26 October.
There is no permanent charge increase this time. Flogas has some of the highest ongoing charges up to €600 per year for electricity. The provider has more than 25,000 customers.
This is the company’s third price increase this year, and it will add approximately
€340 a year for electricity bills and around €395 for gas bills, said Daragh Cassidy of price comparison site Bonkers.ie.
“When all the increases since the start of last year are added up, it adds over €1,700 a year to people’s electricity bills and over €1,700 to their gas bills,” he said. declared.
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