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Electric Ireland Set to Increase Their Electricity Prices Again!

Electric Ireland, the third largest electricity supplier in Northern Ireland, have announced today it will be increasing electricity prices by 29% for customers from 1 October 2022.

This is the second increase from1 May 2022 and will see the typical credit meter and keypad (PAYG) customers’ bills rise by almost £275 per year.

Raymond Gormley, Head of Energy Policy at the Consumer Council, said: “This news will adversely impact all Electric Ireland customers who are already experiencing financial pressures on their household budget especially with the severe cost of living crisis that we are experiencing.

“Consumers who are struggling with their energy bills should contact their supplier directly for help and information. We would encourage all consumers to think about ways they can reduce their energy costs. Switching payment option, changing billing method or switching supplier can save some money.”

The Consumer Council’s website (www.consumercouncil.org.uk/energy) has a free independent energy price comparison tool which empowers consumers to compare all electricity and gas tariffs across Northern Ireland in one place. Electric Ireland have confirmed that as part of their licensing agreement, there will be no exit fee applied to customers who switch to another supplier before 30th April 2022.

Raymond continued: “In the short term, the Consumer Council has been working in collaboration with Government departments, The Utility Regulator, energy suppliers and third sector organisations, to try to put in place immediate support and advice to help those in energy crisis as the problem of high energy prices will impact many households this winter and beyond.”

In the longer term, this situation shows the importance of the Department for the Economy’s Energy Strategy Action Plan, that aims to tackle affordability and move us away from our dependence on fossil fuels and set us on the path to a more sustainable energy future.”

Consumers can also get in touch with the Consumer Council for free independent advice by calling Freephone 0800 121 6022 or by emailing contact@consumercouncil.org.uk.

Ends

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