Iberdrola Ireland becomes latest energy supplier to put up prices again

has become the latest energy supplier to increase its prices, with the Spanish utility giant announcing a 24 per cent increase in electricity and 11 per cent rise in gas prices from May 5th.

Iberdrola Ireland said the rises were “reflecting the price pressures caused by high global wholesale energy costs over a sustained period”. Customers on discounted tariffs will continue to receive their current level of discount, including discounts for paying by direct debit and receiving paperless billing.“We’re having to respond to the unprecedented conditions in the global energy market,” said Sean O’Loughlin, head of Iberdrola Ireland.

Maybe it's time for an energy strategy based on models which compare all major technologies and determine the cheapest and cleanest mix?

The corrupted Iberdrola

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