Since October 2020, the energy price hikes introduced by some suppliers have added €1,500 to annual household gas and electricity bills. That’s according to price-comparison website Bonkers.
The average price increase is probably less, but the figures are unprecedented and unlike anything we’ve seen since the oil prices shocks of the 1970s.on Wednesday of another 23 per cent and 25 per cent increase in electricity and gas prices – adding on average €300 and €220 to annual electric and gas bills – was merely the latest instalment in a biting series of increases which are placing enormous strain on household budgets.
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