Electric Ireland is to increase its energy prices in a move that will impact around 1.1 million electricity customers and 145,000 gas customers.
The supplier is increasing the unit rate of its electricity and gas by 9.5% each from 1st July.
However, it’s not increasing its standing charges. This means a typical electricity bill will go up by 8% and a typical gas bill by 7.7% if based on average usage, according to the supplier.
The increase will add around €138 a year to the average household’s electricity bill and €117 to their gas bill.
Recent figures from Eurostat show Ireland already has the highest electricity costs in the EU, with prices here almost 40% above average.
Households struggling with high energy costs are being encouraged to consider switching supplier to avail of cheaper rates. They are also being encouraged to check if they qualify for Government supports such as the Fuel Allowance or the Free Electricity Allowance.