Electric Ireland announces electricity price increase effective from 1st Oct 2022
- International energy crisis continues to impact wholesale energy prices with unprecedented increases in the last twelve months
- Wholesale energy prices remain high and increasingly volatile with little sign of improvement in the medium term
- Electric Ireland Residential Electricity to increase by 29%, which equates to approximately £5.29 per week on an average residential electricity bill
Due to ongoing uncertainty in the international energy markets and sustained and unprecedented increases in wholesale energy prices, Electric Ireland has today, (1st September 2022), announced plans to increase its residential electricity bills in Northern Ireland by 29 per cent with effect from 1st October 2022. This equates to an increase of approximately £5.29 per week on the average residential electricity bill.
Bill Coyle, Head of Residential Northern Ireland, Electric Ireland commented: “This continues to be a very challenging time for all energy consumers, and an unprecedented time in the energy industry.”
He continues: “It is with considerable reluctance that we are increasing electricity prices for our customers, which is necessary given the continuing increase in wholesale energy.
“We realise these price increases may be difficult for some customers to absorb. We would like to encourage any of our customers who are having difficulty in paying their bill to contact our customer care team. Our team also work closely with a number of organisations including Age NI, Advice NI and NEA who can provide support for our customers during these difficult times”.
Electric Ireland has circa 104,000 customers in Northern Ireland.
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