During April and May 2022 we saw price increases from all the energy suppliers in Ireland.
Many suppliers have increased prices two or three times already in 2022 and it looks like there could be at least one more round of increases before the year is over.
Most suppliers are increasing prices again in October – and as wholesale gas prices rise to record levels in Europe, it could get worse.
Summary of Latest Energy Price Increases in Ireland 2022
Energia will increase electricity rates by 33.5% and gas rates by 47.11%. The new rates will be effective from October 7th, 2022.
PrepayPower -Their latest increase will see electricity prices increase by 19% and gas prices increase by 29%. New rates are effective from October 1st, 2022.
Electric Ireland – electricity rates are increasing by 38.24% and gas rates increasing by 47%. New rates will come into effect from October 1st, 2022. .
SSE Airtricity . The latest increase will see electricity rates rise by 45.2% and gas rates by 46.3%. There will also be an 8% increase in annual standing charges for both gas and electricity. New rates will come into effect from October 1st, 2022.
Bord Gais Energy – From October 2nd , Bord Gais Energy will raise electricity rates by 48.6% and gas rates by 45.7%.
Flogas will increase electricity rates by 17% and gas rates by 23%. The new prices will be effective from October 26th, 2022.
Flogas already increased electricity by 8.1% and gas by 19.8 % on August 19th .
Pinergy. The latest increase saw electricity rates increase by approximately 18%, while standing charge costs rose by almost 30%. New rates were effective from September 5th.
Panda Power increased electricity by 12.7%, while gas bills went up by 25.8%. New rates were effective from August 25th, 2022.
The government has already provided some help towards rising electricity bills – they gave all households a €200 credit on their electricity bills from April 2022. Read more about the Government Electricity Credit.
More help is expected to be announced in Budget 2023.
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