{"id":471378,"date":"2026-05-28T14:05:12","date_gmt":"2026-05-28T14:05:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/471378\/"},"modified":"2026-05-28T14:05:12","modified_gmt":"2026-05-28T14:05:12","slug":"electric-ireland-increase-their-electricity-and-gas-prices","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/471378\/","title":{"rendered":"Electric Ireland increase their electricity and gas prices"},"content":{"rendered":"<p><a href=\"https:\/\/www.electricireland.ie\/\" rel=\"nofollow noopener\" target=\"_blank\">Electric Ireland<\/a> has announced plans to increase residential electricity prices by 8% and residential gas prices by 7.7%, effective from July 1st, 2026.<\/p>\n<p>Residential electricity bills will increase by 8% based on the estimated annual bill as defined by the <a href=\"https:\/\/businessplus.ie\/tag\/cru\/\" data-type=\"post_tag\" data-id=\"9576\" rel=\"nofollow noopener\" target=\"_blank\">Commission for Regulation of Utilities<\/a> (CRU). For the average household, this equates to \u20ac2.66 per week or \u20ac11.52 per month for customers on the average standard tariff.<\/p>\n<p>Residential gas bills will increase by 7.7%, equating to \u20ac2.25 per week or \u20ac9.73 per month on the average gas bill, based on the estimated annual bill as defined by the CRU.\u00a0<\/p>\n<p>This is the first time Electric Ireland has increased prices since October 2022, despite recent pressures in wholesale energy markets due to the conflict in the Middle East.<\/p>\n<p>The company says that Electric Ireland has a comprehensive hedging strategy in place, which has limited the impact of rising wholesale energy prices to date; however, \u201cas our wholesale energy costs have increased significantly, it is now necessary to increase retail prices for our customers\u201d.<\/p>\n<p>Commenting on the announcement, Pat Fenlon, Executive Director, Electric Ireland, said: \u201cThe conflict in the Middle East continues to drive volatility in wholesale energy costs, which have increased significantly.<\/p>\n<p>\u201cLast winter, we acted to protect our customers by reducing gas prices and holding electricity rates steady during the period of highest demand, while most other suppliers increased their prices.\u00a0<\/p>\n<p>\u201cThe current change represents the first price increase since October 2022; unfortunately, we cannot delay this increase any further due to the sustained upward price pressure on our wholesale energy costs. \u201cWe understand that many customers face challenges with ongoing cost of living pressures. Supporting our customers continues to be our priority.\u201d<\/p>\n<p>Electric Ireland says there is a range of supports in place for customers with financial challenges, including flexible payment plans, PAYG meters, in addition to smart meter tariffs with a monthly billing option and energy saving advice.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"600\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2026\/05\/energy-costs.jpg\" alt=\"Electric Ireland\" class=\"wp-image-238124\"  \/>This is the first time Electric Ireland has increased prices since October 2022, despite recent pressures in wholesale energy markets due to the conflict in the Middle East.<\/p>\n<p>In addition, Electric Ireland implemented a Compassionate Assistance Fund to provide direct financial relief to eligible customers via their electricity or gas account in conjunction with Electric Ireland\u2019s partners MABS and Alone.<\/p>\n<p>Customers impacted by the price rise will be contacted via email.<\/p>\n","protected":false},"excerpt":{"rendered":"Electric Ireland has announced plans to increase residential electricity prices by 8% and residential gas prices by 7.7%,&hellip;\n","protected":false},"author":2,"featured_media":471379,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61,60,43],"class_list":["post-471378","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ireland","tag-ie","tag-ireland","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/471378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=471378"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/471378\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/471379"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=471378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=471378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=471378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}