Energia announces its first price increase of 2022

Energia has become the third energy supplier in Ireland to announce a price increase for its customers this year. 

It's increasing its standard gas prices by almost 19% and its standard electricity prices by 18%.

The price hike will come into effect for customers on 25th April.

However, Energia isn't increasing its standing charge for customers on this occasion.

The move from Energia follows Bord Gáis Energy’s price hike announcement last week, and one from PrePayPower at the beginning of March.

How much will it add to bills?

The scheduled price increase will add approximately €180 to the average customer’s annual gas bill, and €247 to the average annual electricity bill, a combined extra cost of €427 on average.

Energia increased its gas and electricity prices three times in 2021, while this is the supplier’s first price hike in 2022.

 Speaking about its latest price increase, Andy Meagher, Director of Customer Solutions at Energia said:

The wholesale cost of gas and electricity has risen substantially over recent months. We are very conscious that these global issues impact our customers locally, and we remain committed to delivering the very best value and service. 

As such, we have done our best to absorb the increases in wholesale and commodity costs but these price changes are unavoidable. Our customer care team is available to support those customers experiencing difficulties and we also partner with the Money Advice and Budgeting Service (MABS) to provide advice and support. 

Overall, we have limited, where possible, the full cost increase to customers, and we will continue to review the market and to work with our customers to help them manage bills where required.

Previous price increases

Energia first increased its gas and electricity prices on 5th April last year, with two subsequent increases following in July and October respectively.

See below our table for Energia’s price increase since the beginning of 2021.

More price increases are expected from suppliers in the coming days and weeks, with the likes of Electric Ireland, Flogas, and SSE Airtricity still to make any announcement.

No change to standing charge

Unlike the supplier's last price increase, Energia will not be increasing its standing charge this time around - a small boon for customers.

While this is something most customers will not have expected to happen anyway, it runs counter to what other suppliers have done with their recent increases.

Along with its standard gas and electricity prices, Bord Gáis Energy rather controversially announced a big increase to its standing charges in mid-March.

Switch your supplier

It has never been more important for you as an energy customer to review your gas and electricity bills. Amid rising energy prices you don’t want to be paying more than you need to.

The good news is that switching your energy supplier is free, so once your contract has expired, along with your discount, it’s essential that you take a look at all the plans available to you.

Use our free energy comparison tool right now to compare energy deals across, gas, electricity, and dual fuel from all suppliers in Ireland.

Once you find the right plan for you, we can help you to switch and save in seconds!

You can read more about the steps involved in comparing energy suppliers here and discover how to make the switch in this guide.

Get in touch

Are you an Energia customer? Do you have any energy-related questions to do with the latest price increase announcement?

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