Energy supplier hikes electricity prices for second time this year
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Energy supplier hikes electricity prices for second time this year
"From October 20, SSE Airtricity unit rates for electricity, as well as the standing charge, will each increase by 9.5pc. This will see a typical electricity customer's annual bill increase by about €151, in a move that will impact around 250,000 electricity customers. There is no price change for domestic gas customers. In April SSE Airtricity hiked electricity bills by 10.5pc, and gas bills by 8.4pc."
"It is blamed rising wholesale energy prices and higher network charges imposed by the energy regulator. That move saw electricity bills rise by €171 a year for a typical household. Typical gas customers saw bills go up by €114 a year. It has 85,000 gas customers. SSE Airtricity claimed it has been shielding its customers from the full impact of the energy crisis."
SSE Airtricity is increasing electricity unit rates and the standing charge by 9.5% from October 20, raising a typical electricity customer's annual bill by about €151 and affecting around 250,000 customers. Domestic gas prices remain unchanged. Earlier in April, electricity charges rose by 10.5% and gas by 8.4%, which had added about €171 to typical electricity bills and €114 to typical gas bills. The company attributes increases to rising wholesale energy prices and higher network charges set by the energy regulator. The company reports it had delayed some network charge impacts and says it sought to shield customers from the full impact of the energy crisis. The increases add pressure on government policy and household cost burdens as other suppliers also raise electricity prices.
Read at Irish Independent
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