Electric Ireland announce further increases in electricity and gas prices

Electric Ireland has announced further increases to its residential electricity and gas bills which will come in from October 1^st.

The company, who also increased their prices last month, said its electricity bills will increase by 26.7% and residential gas bills by 37.5%

Electric Ireland said the reason for the price rises were due to ‘the unprecedented increases in international energy market prices and their impact on wholesale gas prices.’

The latest increases equate to €37.20 per month on the average residential electricity bill and €42.99 per month on the average residential gas bill, based on the estimated annual bill as defined by the Commission for Regulation of Utilities (CRU).

Last month Electric Ireland increased their residential gas bills by 29.2% and residential electricity bills by 10.9%.

The increase by Electric Ireland will impact around 1.1 million electricity customers and 150,000 gas customers.