Energia’s home electricity rate to rise in response to higher regulated network charges and wholesale energy costs.
27th October 2017 – As a result of higher regulated network charges and wholesale energy costs, Energia has announced that it will be increasing home electricity prices effective from 1st December 2017. Energia’s home electricity bills will increase by 3.9%. This equates to a monthly increase of €3.06 on an average customer bill, or €36.71 over the year*.
Gary Ryan, Managing Director, Energia Retail said: “Regrettably we have to announce a price increase, like all suppliers we have been impacted by costs outside of our control. The recent increase in regulated network charges and rising wholesale energy costs necessitate a modest increase to our household customers.
“At Energia we remain committed to providing customers with the best value energy deals. Our Dual Fuel bundle remains the cheapest in the market and our Energia Cosy Homes Scheme allows customers to make further energy savings by supporting home energy efficiency upgrades.
*Equivalent cost based on a household electricity customer on 24hr standard meter tariff with typical annual consumption of 4,200 kWh. Figures are inclusive of VAT. Actual cost varies according to meter type, individual tariff and consumption.