Electric Ireland announces price change from May 2022

Electric Ireland has announced plans to increase residential electricity prices by 23.4 per cent and gas prices by 24.8 per cent with effect from 1 May 2022. 

The increase will equate to €24.80 per month on the average residential electricity bill and €18.35 per month on the average residential gas bill, based on the estimated annual bill as defined by the Commission for Regulation of Utilities (CRU). 

Commenting on the announcement, Marguerite Sayers, Executive Director, Electric Ireland said: 'We are acutely aware that the rising cost of living is causing difficulty for households across the country. Unfortunately, the unprecedented and sustained volatility of wholesale gas prices over the last 12 months means that we now need to increase our prices. We delayed the increase as long as we could in the hope that wholesale prices would drop back to early 2021 levels, but regrettably this has not happened.'

She continued: 'Electric Ireland had the lowest cumulative price rises in the past 12 months. We continue to deliver the best value we can and will maintain one of the lowest standard rates in the market, even after this increase. We know that this is unwelcome news, but international gas prices are beyond our control and have a huge impact on our costs.  

'We appreciate this is a challenging time and are committed to helping any of our customers who experience financial difficulty.

'As always, we encourage any Electric Ireland customer who has difficulty in paying their energy bill to engage with us and we will work with them to put in place a manageable payment plan.'

Scroll down for information on supports

 

The supports that Electric Ireland has put in place for customers with financial challenges include flexible payment plans, payment holidays, PAYG meters, in addition to smart meter tariffs and energy-saving advice.  

Electric Ireland can also provide support through its long-standing partnerships with organisations such as the Money Advice and Budgeting Service (MABS) and the Society of St. Vincent de Paul (SVP), and by utilising its €2 million Customer Hardship Fund established during the pandemic. 

Electric Ireland has supports in place for customers:



New rates effective from 1 May 2022

Standard Rates ex. VATinc. VAT
24 Hour Standard Rate25.80c/kWh29.28c/kWh
Daytime Standard Rate27.56c/kWh31.28c/kWh
Night-time Standard Rate13.60c/kWh15.44c/kWh
Annual Standing Charges ex. VAT (€)inc. VAT (€)
24 Hour
Urban (DG1)249.59283.28
Rural (DG2)313.50355.82
Night Storage Heating12.6314.33
NightSaver
Urban (DG1)327.04371.19
Rural (DG2)398.54452.35
SST Rates ex. VATinc. VAT
Daytime Standard Rate28.08c/kWh31.87c/kWh
Night-time Standard Rate14.76c/kWh16.75c/kWh
Peak Standard Rate29.95c/kWh33.99c/kWh
SST Annual Standing Charges ex. VAT (€)inc. VAT (€)
Urban (DG1)249.59283.28
Rural (DG2)313.50355.82
Gas Standard Rates ex. VATinc. VAT
Standard Rate6.943c/kWh7.88c/kWh
Gas Annual Standing Chargesex. VAT (€)inc. VAT (€)
Standard Gas132.63150.54
Large Gas147.19167.06


Follow Electric Ireland on social media: Twitter: @electricireland Facebook: @ Electric Ireland Instagram: @electricireland