Ireland
UK
Scotland
London
Electric Ireland has revealed it is increasing its energy prices this summer.
From 01 August, residential electricity prices will rise by 6.2% while residential gas prices will increase by 8%. Overall, the increase will add add an average of €56 to electricity customers' annual bills and €55 for gas customers.
The company said the rises are in response to sustained increases in wholesale energy prices.
Niall Dineen, Head of Residential Markets, said: "Electric Ireland is absolutely committed to keeping prices as low as possible. It has been a very difficult decision to make, but the wholesale costs required to supply electricity and gas are continuing to rise.
"Over the past number of years, we have passed on savings as a result of wholesale energy cost reductions and we remain the first supplier in the Irish market to offer enduring long term savings of up to 8.5 per cent to our residential electricity and gas customers.
Electric Ireland also continues to give a 5 per cent discount to customers experiencing financial hardship, through Industry Prepayment meters and via the Household Budget Scheme."
(LM)
