Sharp Electricity Price Hikes to Hit Households from October
Dublin: Residential customers in Ireland are set to face sharp increases in electricity bills, with several providers announcing price hikes ahead of winter.
Bord Gáis Energy confirmed that its standard unit rate will rise by 13.5% from October 12, adding around €18.16 per month—or €218 per year—to the average household bill. The change affects 369,000 electricity customers, though the company said its 270,000 gas customers will not be impacted. Bord Gáis said the increase is driven by higher network charges, wholesale market costs, and business expenses, noting it is the company’s first price rise in three years, during which time it twice cut gas and electricity prices.
Other suppliers are also raising prices:
- Pinergy will increase household electricity rates by 9.83% from October 13, costing the average customer an additional €199 annually, though standing charges will remain unchanged.
- Energia will introduce increases of up to 12.1% from October 9, adding roughly €200 per year to household bills.
- Flogas raised its rates last month by an average of 7%.
Meanwhile, Electric Ireland has pledged no increase for its 1.1 million electricity customers this winter and will cut gas prices by 4% from November, benefitting around 140,000 customers.
The hikes come as the government prepares its October budget. Sinn Féin leader Mary Lou McDonald described the increases as “frightening”, particularly with the withdrawal of energy credits. She urged the government to include meaningful supports for workers and families.
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