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Around 350,000 households will be affected by the most recent energy price hike as experts encourage customers to switch and save

AROUND 350,000 households will start to feel uncomfortable when energy prices go up.

Gas and electricity prices hit record highs and price hikes from two energy providers take effect today.

Gas and electricity prices hit record highs in Ireland

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Gas and electricity prices hit record highs in IrelandCredit: Alamy
Bonkers.ie's Darragh Cassidy is encouraging customers to shop around

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Bonkers.ie’s Darragh Cassidy is encouraging customers to shop around

SSE Airtricity customers will see their electricity price increase by 9.4% and their gas price by 9.8%, while Pinergy patrons will see their electricity price increase by 19%.

SSE has raised prices three times so far this year while Pinergy has announced five price hikes.

The electricity price increase will affect about 270,000 households while about 85,000 households will be affected by the SSE gas price increase.

According to Bonkers.ie, due to all the price hikes introduced this year, SSE customers will have to pay around €300 more a year for electricity and an extra €200 for their gas on average.

Meanwhile, Pinergy punters are looking for around €780 more a year in their electricity bill.

However, when all of this year’s price hikes are taken into account, SSE customers will have to pay around €300 more a year for electricity and an extra €200 for their gas on average.

Most read in The Irish Sun

Daragh Cassidy of Bonkers.ie urges people to lighten their wallets by shopping around.

“It would not be an exaggeration to say that 2021 will be a crisis year for the energy industry,” he said. Covid has created bottlenecks in supply chains around the world, putting pressure on prices in industries everywhere, and energy market was severely affected.

“The prices of coal, oil and especially gas in the international market have skyrocketed and this has led to an increase in the price of gas and electricity for households.

“There have been more than 35 price hike announcements in 2021 so far, with some suppliers raising prices up to five times, and that means gas and electricity prices in Ireland and much of Europe have never been higher. higher hours”.

CONVERT AND SAVE

“However, despite the high prices, there is still a lot of competition among many vendors for new customers, who are still offering big one-year discounts for converts,” he continued.

“At the moment, someone is paying the standard rate and those who switch can save themselves almost €600 a year on average. The conversion process is extremely quick and easy and can all be done online within minutes.

“However, if someone were to switch from one of the best deals on the market right now, to one of the cheapest, they could save themselves over 1,500 euros a year.”

https://www.thesun.ie/money/8000374/energy-prices-hikes-household-switch-and-save/ Around 350,000 households will be affected by the most recent energy price hike as experts encourage customers to switch and save

Fry Electronics Team

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