Image Energia the fifth supplier to raise its prices for the second time this year
Image Rob Flynn
Staff Writer

Energia joins Pinergy, Flogas, Panda Power and Iberdrola who have all increased their prices twice since the beginning of 2021, and will raise both gas and electricity prices by 9.7% from July 8th.

It’s been a wild year for energy price increases, for a number of reasons, and it seems the floodgates are now well and truly open.

As it stands eight energy suppliers have increased their prices since the beginning of 2021 with a handful now having raised their prices for a second time, and you can now add Energia to that list.

The renewable energy supplier has announced yet another price increase for its customers having already implemented a gas and electricity price increase on April 5th.

Here are the details in full!

Second price increase

Energia has become the latest energy supplier to increase its prices, and the fifth supplier to increase its prices for a second time in 2021. 

The supplier is increasing the price of its electricity by 9.7% and the price of its gas by 9.7%.

The price increases will come into effect from 8th July and will impact around 160,000 electricity customers and 60,000 gas customers. 

For the average electricity customer the increase equates to an extra €2.41 per week on their electricity bill, €1.71 per week on a gas bill, or €4.12 per week for dual fuel customers.

This means the average electricity customer will be paying €125 extra a year while gas customers will be paying €89 extra a year.

However when April's increase is taken into account it means customers will now be paying well over €200 a year more for their electricity and almost €150 a year extra for their gas.

A spate of recent increases

Today’s news had been expected given the raft of price increases that have been announced so far this year.

Eight suppliers in total have increased their energy prices since the start of the year and in recent weeks Pinergy, Flogas, Panda Power and Iberdrola all raised their prices for the second time this year.    

According to Eurostat, electricity prices in Ireland are already 23% above the EU average and the fourth most expensive in the 27-nation EU, and more expensive than the UK, Norway and Iceland too. 

Gas prices are the seventh most expensive.

Meanwhile, with prices still on the rise and more suppliers yet to step out, an increase from at least one of the leading energy suppliers, Electric Ireland and/or Bord Gáis Energy, is also expected in the coming days and weeks.

See below our table for all the price increases that have happened so far this year.

First round of increases:

Supplier

Gas increase 

Electricity increase

Effective date

SSE Airtricity

+4.5%

+6.2%

1st April

Pinergy

N/A

+4.2%

1st April

Energia

+5.7%

+8.6%

5th April

Panda Power

No change

+7.5%

8th April

Flogas

+6.5%

+8.5%

12th April

Bord Gáis Energy

No change

+8.0%

12th April

Iberdrola

+4.9%

+6.3%

24th April

Bright

N/A

+18%

17th June

Second price increase from suppliers:

Supplier

Gas increase 

Electricity increase

Effective date

Pinergy

N/A

+8.2%

11th June

Panda Power

+9.8%

+9.8%

25th June

Flogas

+8.9%

+12.5%

26th June

Energia

+9.7%

+9.7%

8th July

Iberdrola

+8.5%

+12.5%

15th July

Switch and save!

Remember that there are always steps you can take to offset any increase in your bills.

Run a quick comparison using our energy comparison tool for gas, electricity, or dual fuel to see what savings you could make by switching today!

Looking for more tips before making an energy switching decision? Have a look at our guide on 7 things to consider when switching energy supplier.

What do you think?

What do you make of the latest energy price increases? Is it justified or an unnecessary charge on consumers? Let us know your thoughts in the comments below.

You can always get in touch with us on social media. We’re on Facebook, Twitter and Instagram.