Irish consumers are once again hit with the rising cost of living as Electric Irelands latest price hike takes effect from yesterday. The price rise that was announced last month is set to increase residential gas bills by 29.2% and residential electricity bills by 10.9%.
All major suppliers including Bord Gáis Energy, Energia and PrePayPower announced price hikes this year. Speaking on RTÉ’s Morning Ireland, Head of Communications with price comparison website Bonkers.ie Daragh Cassidy said, “ around 1.1 million electricity customers will be affected by Electricity Ireland's price hike along with about 200,000 gas customers.
All suppliers have been raising prices by absolutely astronomical amounts and we’re heading into a winter with gas prices, electricity prices at really, really high levels”
This latest price hike will mean an increase of about €300 a year for every customer according to Mr Cassidy.
Tell us your thoughts in the Facebook post and share this with your friends.