Energia has announced that it will increase electricity prices by 3.9% on December 1st.
Another Friday, another price increase.
Following price increase announcements from SSE Airtricity, Bord Gáis Energy and Electric Ireland over the last few weeks, Energia has today revealed that it too will increase prices.
Energia's price hike
Energia's 3.9% price increase will take the supplier’s standard rate to 17.3 cent, excluding VAT, and will cost customers with average consumption an extra €31 a year on their bills.
The hike will take effect on December 1st and will be applied to electricity customers only.
The supplier has cited rising wholesale gas prices and increased network costs as the reason for the hike.
Four increases in four weeks
Energia is the fourth energy company in four weeks to announce a price increase.
SSE Airtricity will increase its electricity prices by 5.4% on November 1st, and Bord Gáis Energy will increase its gas and electricity prices by 3.4% and 5.9%, respectively, on November 1st, and Electric Ireland will increase its electricity prices by 4%, but not until February 1st 2018.
How to beat the hikes
The recent flurry of price hikes means that thousands of Ireland's energy customers are set to be hit with bigger bills.
On top of these price increases, the PSO levy, which is a tax paid by all electricity customers in Ireland, also recently increased and will add an extra €25 to annual bills.
However, households can beat the increases by simply switching suppliers.
Customers with average consumption can save €360 by switching gas and electricity suppliers today. The process takes just a couple minutes can be completed entirely online.
You can compare all energy price plans and switch suppliers by visiting our Compare Gas & Electricity Price Plans page now.