Electric Ireland has proposed a 30% increase in electric bills in May.
The Utility Regulator has come under pressure to intervene in these latest price hikes, with Sinn Féin representative John O'Dowd calling for action.
"Over 100,000 people who get power from Electric Ireland are faced with another hike in energy prices," said O'Dowd.
"Workers and families are under huge pressure as their bills and the cost of living continues to rise.
"The Utility Regulator needs to step in now and cut the 2% profit margin which has seen energy companies making huge profits while families are choosing between heating their homes and putting food on the table.
"All efforts must be made to ensure that workers and families are not ripped off by extortionate energy prices."
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