"Unit rates and standing charges are to rise for Bord Gáis Energy's 350,000 electricity customers from October 12, just days after the Budget. Unit rates will rise by 13.5pc, one of the highest increases seen in the market so far, adding €218 to the average annual bill. The standing charge is also going up. Bord Gáis blamed what it said was continued increases in network costs, the impact of wholesale energy markets and the higher cost of doing business."
"Pinergy is to hit its 28,000 customers with a rise of close to 10pc, from October 13. This will add €199 to the typical annual bill. Residential microgeneration payments, for those with solar panels, will also remain at 25c per kWh. Earlier this week Electric Ireland said it was cutting its gas prices and is leaving its electricity prices unchanged in a surprise move."
"Unit rates for electricity will increase by 13.5pc while the standing charges will rise by 12pc. This will increase a typical bill for Bord Gáis Energy electricity customers by an average of €218 a year. Bord Gáis Energy Dual Fuel customers will see a bill increase of 6.6pc. Director of customer and commercial at Bord Gáis Energy, Catherine Lonergan, said: "This is our first price increase in three years, and in that time we had two price reductions across gas and electricity."
Multiple suppliers have announced electricity price increases this year while one major supplier has left electricity prices unchanged. Bord Gáis Energy will raise unit rates by 13.5% and standing charges by 12% from October 12, adding about €218 to an average electricity bill; Bord Gáis gas prices remain unchanged and the company says it offers the lowest gas standing charge. Pinergy will raise prices by close to 10% from October 13, adding about €199 to an average bill while keeping microgeneration payments at 25c/kWh. Electric Ireland is cutting gas prices and maintaining current electricity prices.
Read at Irish Independent
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