In the past few months electricity prices have increased due to the wholesale market, we, like all other Energy providers in the ROI market, have been forced to increase prices.
The main reason for this increase is that wholesale price of electricity has increased by 57% between December 2020 and June 2021 and it would appear that the wholesale market price will remain stubbornly high in the short to medium term.
This equates to an increase of €87.26 per annum or €7.27 per month (inclusive of VAT) and is based on an average residential electricity usage of 4,200 kWh per annum for a Day/night tariff, as defined by the Commission for Regulation of Utilities (CRU).
Recent price increases by Energy providers across the market range from 9% to 18%. For all those on our Standard 15-11-19 tariffs, we will be implementing a price increase of 14% effective from 14th of August 2021.
We are however, only increasing our Non-Smart Prices so those who have a smart meter and are on a smart product will not be impacted at this stage.