Pinergy says it will increase residential electricity prices from September, with multiple outlets reporting a rise of around 7.6% to almost 10%. The change affects households on the company’s standard residential tariffs, and comes as wholesale energy costs remain elevated.
RTE reports the increase is 7.6% for the autumn price period. The Irish Examiner links the move to ongoing increases in wholesale costs and says arrears have reached record levels, suggesting wider financial pressure on customers. The Irish Mirror reports that some households could see an increase of about €169 on their bills and attributes the change to “prolonged volatility” and “elevated pricing” in wholesale markets, citing the continued conflict in the Middle East.
Across the coverage, the common points are that Pinergy is raising residential electricity prices in September and that the driver is higher wholesale pricing and market volatility. The outlets differ mainly in how they state the size of the increase and the impact figures referenced for households.
