Electric Ireland to increase price of electricity by 11% and gas by 32%

The company blamed 'the situation in eastern Europe' for the increases. Photograph: Bryan O Brien/The Irish TimesThe ESB-owned utilities supplier Electric Ireland is putting up its unit prices by 11.35 per cent for electricity and 31.9 per cent for gas from next month, less than three months after its last substantial price rise in May.

When the August price rises are taken in conjunction with Electric Ireland’s May increases of about 22 per cent in electricity and 25 per cent in gas, an average customer of the company with both a gas and an electricity connection can expect to see their annual bill to rise by close to €1,000 in barely three months

The company said it offers “flexible payment plans for those who are struggling to pay their energy bills”. It said the increase in the wholesale price of gas also affects the price of electricity, some of which is produced in Ireland at gas-fired power plants. “We’re in a crisis,” said Mr Cassidy. “To say these are unprecedented times for the energy sector is an understatement. More price hikes from all the other suppliers are likely to follow and more price hikes from Electric Ireland later in the year can’t be ruled out.”

Source: Energy Industry News (energyindustrynews.net)

IrishTimes I do hope they can maintain their profit margins now. That’s the important thing surely.

IrishTimes The esb have already recieved 200 million plus energy credits and theres talk of giving them another 200 million. They installed smart meters and jacked up the prices.when are the government going to cop on to them?

IrishTimes

IrishTimes Bunch of gangsters

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