Energia becomes fourth energy supplier to hike prices – electricity prices to increase by 3.9% from December
Energia has today announced it is implementing a 3.9% increase to its electricity prices for residential customers, from 1 December 2017. Energia says this amounts to a daily increase of €0.09 for an average electricity customer, which is €31 per year.
Today’s news makes Energia the fourth energy supplier to announce an electricity hike in as many weeks. Bord Gáis Energy customers will see an increase in gas and electricity rates from 1 November, and SSE Airtricity is also raising its electricity rates from this date. Electric Ireland is also raising electricity prices, but its increase will not come into effect until 1 February. The PSO Levy – which all electricity customers must pay – also rose by almost €25 per year from 1 October.
All suppliers say that the price increases are due to the rising wholesale cost of energy.
Commenting on the announcement, Eoin Clarke, Managing Director of Switcher.ie, says: “This announcement has confirmed our fears that, once one supplier announced a hike, others would follow suit. When you take all of the announcements into account, this means that over nine in ten electricity customers in the country are going to see their bills go up over the coming months – and that’s before we take into account the fact that winter bills are typically the highest anyway.
“Now is the time for people to take action to combat these hikes. Only about 15% of Irish consumers switch energy supplier each year, which means most of us are paying more than we need to for our energy. But, despite these rises, the market is competitive, with some heavily-discounted plans available to new customers signing up, along with ongoing discounts for things like paying by Direct Debit, always paying on time, and opting to receive bills online.
“Think about the last time you switched your energy – if it was more than a year ago, take a few minutes now to review the deals that are out there and see how much you could save. An average dual fuel customer switching from typical standard tariffs to the cheapest deals on the market can save up to €362, and you’ll save even more if you have higher consumption. Comparing deals and making a switch only takes a few minutes, and all suppliers use the same cables to supply electricity to your home, so you don’t need to worry about any loss in service, either.”
Switching is straightforward and free. Use Switcher.ie’s free gas and electricity comparison tool to get started – comparing deals and making a switch only takes around 5 minutes.
For more information, visit Switcher.ie
For further information please contact:
Maeve McLaughlin, Switcher.ie on 01 517 5922/087 133 2526 or firstname.lastname@example.org
Images for use are available on Flickr here.
Notes to editors
 Source: Switcher.ie – Bord Gáis Energy price hike – gas and electricity prices to rise from 1 November
 Source: Switcher.ie – Blow for consumers as SSE Airtricity announces 5.6% increase to its electricity rates
 Source: Switcher.ie – CER confirms PSO Levy to increase by 30%
 Source: Switcher.ie – How does Switcher calculate its savings messages?
Switcher.ie launched in January 2013, with the aim of offering consumers free, independent and impartial price comparison and switching services for gas, electricity, home broadband and digital television. Switcher.ie aims to make it easier for Irish households to compare prices, save money on their regular bills, get the best deals on offer and make their hard-earned money go that bit further. Switcher.ie is accredited by the Commission for Regulation of Utilities as an impartial, accurate and independent supplier of domestic energy price comparisons and is a member of Guaranteed Irish.
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