Electric Ireland has today announced plans to increase residential electricity prices by 8% and residential gas prices by 7.7%, effective from July 1st, 2026.
Residential electricity bills will increase by 8% based on the estimated annual bill as defined by the Commission for Regulation of Utilities (CRU).
For the average household, this equates to €2.66 per week or €11.52 per month for customers on the average standard tariff.
Residential gas bills will increase by 7.7%, equating to €2.25 per week or €9.73 per month on the average gas bill, based on the estimated annual bill as defined by the CRU.
This is the first time Electric Ireland has increased prices since October 2022, despite recent pressures in wholesale energy markets due to the conflict in the Middle East.
In a statement, Electric Ireland said:
“The company delivered price reductions in 2023 and 2024, introduced a 4% gas price reduction in September 2025, and held electricity prices steady for 1.1 million customers over the last winter period – at a time when most other suppliers increased prices.
“These decisions delivered total average savings of 19.3% (excluding VAT and PSO levy) on residential electricity and 23.6% (excluding VAT and carbon tax) on residential gas.
“Electric Ireland has a comprehensive hedging strategy in place which has limited the impact of rising wholesale energy prices to date. However, as our wholesale energy costs have increased significantly, it is now necessary to increase retail prices for our customers.
“Electric Ireland continues to have one of the lowest Electricity Standard Variable Tariffs (SVT) on the market.”
Commenting on the announcement, Pat Fenlon, Executive Director, Electric Ireland said: “The conflict in the Middle East continues to drive volatility in wholesale energy costs which have increased significantly.
“Last winter, we acted to protect our customers by reducing gas prices and holding electricity rates steady during the period of highest demand, while most other suppliers increased their prices.
“The current change represents the first price increase since October 2022; unfortunately, we cannot delay this increase any further due to the sustained upward price pressure on our wholesale energy costs.
“We understand that many customers face challenges with ongoing cost of living pressures. Supporting our customers continues to be our priority. Electric Ireland remains committed to providing competitive value to our customers with one of the lowest Electricity Standard Variable Tariffs in the market. We have always sought to manage prices in a careful and considered way, with a clear focus on protecting our customers wherever possible.
“Alongside our pricing decisions, we are providing a range of supports, including access to Electric Ireland’s Compassionate Assistance fund, flexible payment options, and energy efficiency advice to help customers better manage their bills.”
Electric Ireland says it has a range of supports in place for customers with financial challenges including flexible payment plans, PAYG meters, in addition to smart meter tariffs with monthly billing option and energy saving advice.
In addition, Electric Ireland implemented a Compassionate Assistance Fund to provide direct financial relief to eligible customers via their electricity or gas account in conjunction with Electric Ireland’s partners MABS and Alone.
Electric Ireland will notify all residential customers with registered contact details of the price change by email and text message in line with CRU requirements.