Anxious electricity consumers had more bad news today as Electric Ireland announced it was increasing not just its unit prices but also its standing charges.
The energy supplier said it was increasing electricity charges by 23.4%, and gas by 24.8% from May 1 – and that the standing charge for electricity would increase by 35%.
It was noted that this meant average electricity customers would pay an extra €300 a year, and €220 for gas customers.
Price shock: @ElectricIreland to increase electricity charges by 23.4%, and gas by 24.8% from May 1. Standing charge for electricity up 35%. This all means average electricity customer will pay an extra €300 a year, and €220 for gas customers.
— Charlie Weston (@CWeston_Indo) March 30, 2022
Electric Ireland said that they “taken the decision to proportionally increase our standing charge by a greater amount than our unit rate, to allow our customers to continue to use the electricity at the lowest unit rate possible.”
The CSO reported in early March electricity prices had risen 22% cent in a year – but several suppliers have since announced further increases.