Thursday 17 April 2014

Electric bill hikes for more than 1m customers in new year

MORE than a million householders are set to be hit with an electricity price rise from the start of next year.

Electric Ireland, which is the retailer supplier name for the ESB, said it would freeze its prices unitl January and then impose a 1.7pc rise.

The company is still the biggest electricity supplier in the country with 1.3 million customers.

The rise will mean an extra €18 for an average family over a year.

Electric Ireland also said it would wait until January to implement a rise mandated by the regulator to pay for wind power and peat stations.

That will cost an extra €17, making the full cost an extra €35 for an average family over a year.

Last week Airtricity said it would increase electricity prices for its customers by 3.5pc from November.

David Kerr of price comparison site said the fact that Electric Ireland was delaying implementing the rises was positive for customers.

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