Energia to raise some electricity tariffs by up to 30%
Energia is increasing some electricity tariffs by up to 30%, citing volatility in wholesale energy markets and conflict in the Gulf.
· The Island · 2 min read
Energia is increasing some electricity tariffs by up to 30% in Ireland, the supplier said on 11 September, citing volatility in wholesale energy markets and conflict in the Gulf.
What happened
The company has about 290,000 customers. It is the latest energy provider to announce higher prices, according to reports published on 11 and 12 September.
The increase applies to some electricity tariffs. The reports did not specify which plans are affected or when the changes will take effect. One report said Energia is also raising gas prices, while the other focused on electricity tariffs.
Energia blamed “ongoing global volatility” in wholesale energy markets. It also cited conflict in the Gulf as a reason for the increases.
Why it matters
The announcement puts another large group of Irish energy customers in line for higher bills, although the reported maximum applies to some electricity tariffs rather than necessarily to every customer or plan.
The size of Energia’s customer base makes the change material for households and businesses supplied by the company. It also adds to a wider run of price increases from energy providers, with wholesale market conditions again being passed through to customers.
The reports did not provide the average increase across Energia’s tariffs or details of any measures for affected customers.