PrepayPower has said that electricity will rise by 8.8% and gas by 10.6% from next month, it will mean an average increase of €3.23 per week in electricity and €3.28 to gas bills
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The cost of electricity and gas is set to rise for thousands of homes and businesses in Ireland as PrepayPower announced a price increase.
The company has around 180k electricity customers and 60k gas customers. It will be the provider’s first increase in three and a half years.
PrepayPower has said that electricity will rise by 8.8% and gas by 10.6% from next month. It will mean an average increase of €3.23 per week in electricity and €3.28 to gas bills.
It’s expected that Electric Ireland, which has 1.1 million customers, will raise prices following the announcement. The company, along with PrepayPower and Yuno Energy, put a price freeze in place over the winter.
Sinn Féin has called for support for regular families as the cost of living increases. Party leader Mary Lou McDonald called for an emergency budget from the Government, Dublin Live reported.
She said: “Today’s confirmation of PrepayPower’s sharp increases in electricity and gas prices further underlines the pressing need for the government to take their heads out of the sand and introduce an Emergency Budget.
“This increase will hit very hard. For many households, an extra €300 a year on energy bills is simply not affordable. People are already cutting back, already worrying, already doing without – and now they are being asked to shoulder even more.
“Workers and families cannot absorb this. They cannot budget their way out of it. And they cannot wait.”
She continued: “The government has the resources to act. We are running budget surpluses while households are being pushed to the edge. That is a political choice – and it is the wrong one.
“Sinn Féin is therefore again calling for an emergency budget to protect households from spiralling energy costs. That means immediate, practical measures – direct supports for workers and families, and real action to reduce energy bills.”Enough is enough. This cycle of rising costs, delayed action and lame excuses from Fianna Fáil and Fine Gael cannot continue. Fianna Fáil and Fine Gael must stop standing back and start standing up for ordinary people.”
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