Particle.news

Download on the App Store

Bord Gáis and Pinergy Announce October Electricity Price Hikes

Companies cite higher network charges alongside wholesale cost pressures.

Overview

  • Bord Gáis will lift electricity unit rates by 13.5% and standing charges by 12% from 12 October, adding about €18.16 a month to a typical bill while leaving prices for 270,000 gas customers unchanged.
  • Pinergy will raise typical household electricity costs by 9.83% from 13 October, or about €199 a year, with no change to its standing charge.
  • Both suppliers attribute the increases to higher network charges, wholesale market pricing pressures and rising operating costs.
  • Energia plans electricity increases of up to 12.1% from 9 October, Electric Ireland will cut gas prices by 4% for 140,000 customers from November and will hold electricity rates, and Flogas raised prices by about 7% last month.
  • Bord Gáis says this is its first increase in three years after absorbing 2024 network charge rises, while Pinergy’s CEO referenced CRU-approved grid costs and urged exchequer support to stabilise prices.