Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Dublin Live
Dublin Live
National
David Kent & Alex Dunne

Electric Ireland hiking electricity and gas prices by nearly €45 a month

Electric Ireland are set to spike customers' bills by nearly €45 extra a month from May.

They has become the latest major energy provider to hike its prices up - with residential electricity going up 23.4% and gas prices by 24.8%.

The changes will come into effect on May 1.

The increase will equate to €24.80 per month on the average residential electricity bill, and €18.35 per month on the average residential gas bill.

Read more: Car crashes into Dublin Airport traffic light and bursts into flames as driver does a runner

An Electric Ireland spokeswoman said: "We are acutely aware that the rising cost of living is causing difficulty for households across the country.

"Unfortunately, the unprecedented and sustained volatility of wholesale gas prices over the last 12 months means that we now need to increase our prices. We delayed the increase as long as we could in the hope that wholesale prices would drop back to early 2021 levels, but regrettably this has not happened.”

"Electric Ireland had the lowest cumulative price rises in the past 12 months. We continue to deliver the best value we can and will maintain one of the lowest standard rates in the market, even after this increase.

"We know that this is unwelcome news, but international gas prices are beyond our control and have a huge impact on our costs. We appreciate this is a challenging time and are committed to helping any of our customers who experience financial difficulty.

"As always, we encourage any Electric Ireland customer who has difficulty in paying their energy bill to engage with us and we will work with them to put in place a manageable payment plan.”

Read more: The one food you should avoid if you suffer from acne

Read more: Dublin City Council boss Owen Keegan defends plan to 'aggressively restrict' space for cars

Sign up to the Dublin Live Newsletter to get all the latest Dublin news straight to your inbox.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.