Electric Ireland has announced today that they will be increasing the prices of gas and electricity for customers amid one of the most pressing cost of living crises in recent years.According to the company, which is the State’s largest energy retailer, the hike is in response to the recent increase in wholesale prices of energy.They estimate that the increases equate to €37.20 per month on the average residential electricity bill, and €42.99 per month on the average residential gas bill.
“It is with considerable reluctance that we are increasing electricity and gas prices again for our customers, which is necessary given the continuing increases in wholesale energy prices, particularly gas. “To put that into context, this time last year wholesale gas prices for winter were circa. GBP£1.15 per therm, and as of last week, this winter’s prices were circa. GBP£7.70 per therm."
The fund is now open to applications from Electric Ireland customers who have difficulty paying their bills. They also provide several flexible payment options to help customers, including an Equaliser product that enables customers to spread their energy costs in equal payments across the year.READ MORE
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