Energia to increase electricity prices by 29% and gas by 39%

Customers of Energia will face significant increases in their gas and energy bills going forward as the company has announced new pricing increases.

Gas consumers will see a 39% hike in their rates, while electricity customers will pay a 29% increase, starting on October 7.

Customers that use dual fuel will see a 33% increase, or an additional €19.84 per week on average, according to the company.

The average increase in gas and electricity bills was calculated to be €10.02 and €9.82, respectively, per week.

The firm said there will be no increase to night rates for those customers on Smart tariffs.

Energia is the sixth energy supplier to increase its prices in recent weeks. The utility company laid the blame for the price rises on exceptionally high wholesale market costs.

They stated that since August 2021, the cost of gas and electricity on the wholesale market has climbed by about 650% and 195%, respectively.

Government action is “urgently necessary to protect energy users financially this winter and beyond,” The company said.

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