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Sunday 25 February 2018

Fresh pain for homeowners as Airtricity first supplier to announce new electricity price rise

Airtricity gets some of its power from renewable sources
Airtricity gets some of its power from renewable sources

Charlie Weston Personal Finance Editor

ONE of the three main electricity suppliers has announced a price rise from November.

Airtricity said it will charge households an additional 3.5pc from November 1. It will mean an extra €40 a year for families.

Energy experts said there will now be similar moves from Electric Ireland (ESB) and Bord Gais on electricity prices.

The rise comes after domestic electricity bills already went up by €20 a year to pay for subsidies to supply wind and peat-generated power.

And it comes after a €20 a year rise in gas prices that take effect from next Tuesday.

Energy expert with price comparison site Bonkers.ie, Simon Moynihan, said: “I would say with absolute certainty that Electric Ireland and Bord Gais will increase their electricity prices by the same amount.”

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