More people are facing increases to their electricity bills after provider Pinergy became the latest to announce an increase to its standard residential energy prices. The company said the move follows sustained issues in the wholesale energy market and national grid, which are causing “unprecedented pricing pressures”. The change, which will take effect from August 23rd,…
The company said the increase is due to more expensive wholesale energy costs. Electric Ireland last increased its prices in autumn when it raised electricity prices by 3.4%. The increase announced today will add almost €100 a year to the average annual electricity bill and €60 to the average annual gas bill. In April, almost…
Robert Buckley, head of relationship development at Cornwall Insight, said: “Cornwall Insight modelling suggests it now looks likely that we will see a substantial rise in the summer energy price cap period, completely reversing the fall that was seen in October. This increase was driven mainly by a rebound in the wholesale cost of energy over the latter…