Energia becomes the latest energy provider to announce significant price hike
Another day, another energy provider increasing costs.
Energia has become the latest energy provider to announce a hike in its electricity and gas prices.
From 7 October, the average electricity bill with the company will rise by €9.82 (29%) per week and the average gas bill will rise by €10.02 (39%) per week.
Meanwhile, the increase for dual fuel customers will be 33% or an average of €19.84 weekly.
This means an additional €510 to the average electricity bill and €520 to the average gas bill annually.
Price comparison website Bonkers.ie has said the move will impact around 160,000 electricity customers and 60,000 gas customers.
Energia previously increased its prices in April of this year, as well as three times in 2021.
"When all increases are taken into account households are looking at paying over €1,200 more for their electricity and over €1,000 more for their gas each year," Bonkers.ie.
Energia has cited "exceptionally high wholesale market costs" as the reason for the latest price hike.
“We are acutely aware of the very regrettable impact that successive price rises are having on households, and we welcome the Government’s intention to intervene in the upcoming budget to support customers," Managing Director of Customer Solutions at Energia Gary Ryan said in a statement.
“We will continue to support our customers and utilise our integrated energy business to minimise the impact of increasing wholesale market costs on them but the scale of wholesale cost increases to date far exceed our ability to maintain current price structures.
“We recognise the difficulty these increases will present for many households. We urge any customers experiencing financial difficulties to contact us and we commit to working on an individual and flexible basis.”