when announcing the forthcoming price increases at the beginning of March.
The increases come on the back of further price increases from both suppliers last year, which added well over €100 to the average annual energy bill.Electric Ireland has just over 1.1 million electricity customers and around 140,000 gas customers. PrePayPower has around 140,000 electricity customers and 40,000 gas customers.
The price of energy on wholesale markets still remains elevated compared to last year and, according to Daragh Cassidy, Head of Communications at bonkers.ie, further increases can’t be ruled out. “A few weeks ago, Electric Ireland and PrePayPower both announced that they'd be increasing their gas and electricity prices having frozen them over the winter months,” Cassidy said.
“Well unfortunately those changes come into effect on Monday. And although the increases are at the lower end of what we’ve become accustomed to, they still come on the back of large increases last year, meaning customers are paying hundreds more for their energy compared to a few years ago.”The Glenn Whelan resurrection, why protests against the FAI were essential & LVG calls out Solskjaer.
Source: Energy Industry News (energyindustrynews.net)
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