Yuno Energy is the latest supplier to announce that it’s raising the price for both gas and electricity, the increase due to take effect from July 1.
The increase will be 9.5 percent and 11 percent respectively on the estimated annual electricity and gas bills, which will mean an increase of €3.24 per week on electricity bills and €3 per week on gas bills, based on average usage levels.
“Export” rates for solar customers are also due to rise by 8 percent, according to Yuno Energy, which the company said recognises “the value of their renewable generation to the grid and their contribution to reducing Ireland’s dependency on gas imports”.
The company linked the price increase to the war in the Middle East.
Managing Director of Yuno Energy, Margaret O’Connor said: “We’ve held our prices for the three years since we launched, including through the recent winter when many other suppliers increased their rates.
“Unfortunately, due to the impact of the Middle East war on wholesale energy prices we can no longer delay this increase.”
Yuno Energy’s announcement comes a day after Electric Ireland announced its own increase, a move that will impact around 1.1 million electricity customers and 145,000 gas customers.
A number of suppliers in recent weeks have announced price increases on electricity and gas, citing the impact of the war in Iran on wholesale energy costs.