Electric Ireland to raise electricity and gas prices by 8% and 7.7% from July 1
By
David MacRedmond
3d ago· 4 min readenNews
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Summary
Electric Ireland is raising residential electricity prices by 8% (€138/year) and gas prices by 7.7% (€117/year) starting July 1, citing increased wholesale costs due to the US-Israeli conflict with Iran. The price hike affects approximately 1.1 million electricity customers and 145,000 gas customers.
Key quotes
· 3 pulledELECTRIC IRELAND HAS announced plans to increase residential electricity and gas prices from 1 July, citing the increase in wholesale costs brought about by the US-Israeli war against Iran as the reason for the rise.
The average electricity bill will increase by 8% and the average gas bill will go up by 7.7%, the utility company said.
The increase will add around €138 a year to the average household's electricity bill and €117 to the
The move announced by Electric Ireland today will impact around 1.1 million electricity customers and 145,000 gas customers.
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