Bord Gáis Energy has confirmed it will raise electricity prices for its residential customers next month, with typical households facing an average increase of €18.16 per month.
In a statement issued today, the company said unit rates for electricity will rise by 13.5% and standing charges by 12% from October 12th. Gas prices for 270,000 customers will remain unchanged.
“This is our first price increase in three years,” said Catherine Lonergan, Director of Customer and Commercial at Bord Gáis Energy.
“In that time we had two price reductions across gas and electricity. We also absorbed network charges in 2024 saving.”
Lonergan said the company had been forced into the decision by the continued rise in network charges, the higher cost of doing business and the impact of wholesale market pricing.
“Due to continued increases in network charges, the higher cost of doing business and the impact of wholesale energy market pricing, we’re regrettably announcing a price increase for electricity customers,” she said.
“However, I can confirm that there is no change to gas prices for our 270,000 gas customers and that our gas standing charge remains the lowest in the market.”
She said Bord Gáis Energy would continue to offer support to customers who may struggle to pay their bills, and encouraged anyone experiencing difficulty to make contact.
“We encourage any customer facing financial difficulty to contact us and we will offer every possible support,” Lonergan said.
Bord Gáis Energy said it has a range of supports in place, including enhanced payment options, prepay meters, level pay arrangements, a dedicated late arrears team and a bill shock process to help customers receiving unexpectedly high bills. The company also consults regularly with the Money Advice and Budgeting Service (MABS) and St Vincent de Paul.
The supplier added that it will continue to compete strongly in the Irish energy market and pass on savings “whenever possible.”
“We’re also investing significantly in the transition to renewable energy in Ireland, which we believe will ultimately lead to greater stability in energy prices for our customers in the future,” they added.
The announcement comes as Irish households continue to face high energy costs following recent volatility in wholesale markets and sustained increases in network charges across the sector.