Heat is on for householders as a fifth energy supplier announces price rise
Householders were warned to expect more energy price rises after Energia became the latest supplier to announce tariff increases.
It is the fifth supplier to announce a winter price rise.
Energia said it would raise the cost for consumers getting electricity, gas and dual fuel from it with effect from the start of next year.
Electricity prices will go up by 5.5pc, in a move that adds €62 to the annual cost for a typical household.
Gas prices will be 6.3pc more expensive, adding €56 to the annual cost for an average household.
For those getting a dual-fuel supply, it will be 5.9pc dearer next year, putting an additional €118 on the average bill.
Head of marketing at Energia Geoff Codd said the increase in prices was unavoidable due to ongoing increases in the broader wholesale price of energy.
The move comes after price rises were also announced recently by SSE Airtricity. It is to increase its household energy prices from the start of December. Its standard price of electricity will increase by €1.18 per week, which adds an extra €61 to annual bills.
Pinergy said its electricity prices would rise by 7.89pc from next month, in a move that will add an extra €66 to annual bills.
It comes after Flogas and Panda Power already announced price increases in the past few days for the winter. In the summer, most energy providers also raised their tariffs.
Daragh Cassidy, of price comparison site Bonkers.ie, said the latest Energia price rise, combined with a price rise that came into effect in August, would mean dual-fuel customers of the supplier would end up paying €300 more next year for electricity and gas. "Unfortunately it looks like the other energy suppliers will soon follow suit," he warned.