Hammer blow for energy customers as Airtricity announces electricity price rise
Airtricity has confirmed that it is to raise its prices by 3.5% on electricity from 1 November 2013.
This makes it the first energy supplier to raise its electricity prices in the run-up towards winter.
However it is now widely expected that Electric Ireland and Bord Gåis Energy will follow Airtricity and announce a similar price rise.
Around 380,000 domestic electricity customers will now see their prices change from 1 November 2013.
Airtricity’s announcement brings their average annual electricity bill up to €1,156, and comes at a time when households are already struggling to keep up with the cost of energy in Ireland.
With this electricity price rise, Airtricity customers can expect to pay an additional €39 per year.
On September 6, Airtricity announced that it is raising its gas price rises by 2% from 1 October 2013. The PSO levy on electricity bills also increases by €17.08 on 1 October.
Customers can now expect to pay an additional €76 per annum for their gas and electricity bills.
Eoin Clarke, Head of uSwitch.ie says: “This is another hammer blow for energy bills this side of Christmas.
“Consumers now face a winter of rationing their energy usage – many will be forced to turn their heating down or off for fear of the impact of these hikes.
“Some households are already performing a juggling act to balance budgets and keep their heads above water. And the added pressure of the latest round of energy rises may be the straw that breaks the camel’s back.
“However, we welcome Airtricity’s commitment to customers who have difficulty paying their energy bills. This could be a lifeline for many.
“Consumers who don’t shop around for a competitive energy tariff may have a bitter pill to swallow following this round of price rises.
“However, all is not lost. There are still some competitive price plans available that will help customers reduce the size of their energy bills. If consumers take control of their bills right away and manage their energy usage efficiently, they can defend themselves from these price hikes.”