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LAST UPDATE
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\n 2 hrs ago\n <\/p>\n
PINERGY HAS ANNOUNCED an increase to its residential electricity prices.<\/p>\n
It will result in the typical household cost rising by 7.6% and it is understood that the hike will impact around 28,000 households.\u00a0\u00a0<\/p>\n
Pinergy said the increase is the result of \u201congoing volatility in wholesale energy markets\u201d.<\/p>\n
The increase to standard residential electricity prices will take hold from Monday 14 September.<\/p>\n
A spokesperson said the increase is in \u201cresponse to prolonged volatility and elevated pricing in wholesale energy markets caused by the continued conflict in the Middle-East\u201d.<\/p>\n
The latest change will result in a 7.6% increase to the typical household cost, equivalent to around \u20ac169 annually, based on a domestic customer using typical consumption per annum on standard tariffs.<\/p>\n
Meanwhile, there is no change to Standing Charges.\u00a0<\/p>\n
Pinergy noted that announcement marks the company\u2019s first general residential price increase since October 2025.<\/p>\n
Pinergy CEO Enda Gunnell remarked that \u201ccontinued volatility in wholesale energy markets has pushed costs to a level that we can no longer absorb\u201d.<\/p>\n
Gunnell said that Pinergy\u2019s \u201chedging strategy has helped protect customers from much of the pricing volatility to date\u201d.<\/p>\n
However, he added that the \u201cscale and duration of what we\u2019re seeing in wholesale markets means a change is now unavoidable\u201d.<\/p>\n
\u201cWe understand this comes at a difficult time for many households,\u201d said Gunnell, \u201cand we would encourage any customer who is concerned about their bill to get in touch with us directly for support.\u201d<\/p>\n