Over one million households to be hit with price rises, with Government refusing to bring in energy credits for Budget 2026
Yuno Energy said it will freeze electricity and gas prices for the winter months.
It claimed that new customers can save almost €1,000 a year if they sign up for both gas and electricity with Yuno.
PrepayPower is also freezing electricity and gas prices.
The move by PrepayPower will benefit its 240,000 customers.
Last month, Electric Ireland said it was freezing its electricity prices for its 1.1 million customers for the winter and cutting gas prices by 4pc.
It comes as more than one million households will be affected by price rises this month, with Energia, Bord Gáis Energy and Pinergy raising their prices.
Over one million households will see their energy bills rise this month. Photo: Getty
Today’s News in 90 Seconds – October 6th
SSE Airtricity is also increasing its electricity prices this month, its second hike this year.
Flogas raised electricity prices in August.
Yuno Energy, which is a sister company to PrepayPower, said the commitment not to raise prices this winter will benefit its 65,000 customers.
The energy supplier said the price freeze would mean that its customers would benefit from the lowest rates in the market.
It said that after recent price rises announced by key competitors, a customer moving to Yuno Energy for both electricity and gas could save up to €945.
This is made up of savings of €551 on electricity and €384 on gas, based on average usage.
The coming winter is going to be difficult for many customers
Yuno chief executive Cathal Fay said the absence of universal energy credits this winter would make customers more price-sensitive than ever.
“The coming winter is going to be difficult for many customers and we believe that this announcement will reassure both existing and new customers that they can have predictability about energy costs for the coming months,” Mr Fay said.
Tánaiste Simon Harris said recently he believed there could be a “degree of price-gouging by energy companies in the market” after a string of energy suppliers said they were increasing their prices from this month.
Energia is raising its electricity unit rates by 13.5pc from October 9, and also hiking its standing charge. This will affect around 300,000 customers, adding €200 to their annual bills.
Bord Gáis Energy is increasing its electricity unit rates by 13.5pc and its standing charges by 12pc from October 12. This will affect around 370,000 customers, adding €218 to their annual bills.
SSE Airtricity’s 460,000 customers will be hit with a 9.5pc rise in electricity prices from October 20.
This will add €150 to their average annual bills.
Pinergy is to hit its 28,000 customers with a hike of close to 10pc, from October 13.
This will add €199 to the typical annual bill.
The Government has ruled out paying energy credits in tomorrow’s budget. Last year, households received two payments totalling €250.
Commercial director at price-comparison site Switcher.ie, Eoin Clarke said the rise in energy bills means many households face a challenging winter.
“Autumn price rises, coupled with the likely end of the Vat cut for energy bills and universal electricity credits, could spell hard times for Irish households,” he said.