SSE Airtricity is set to increase electricity bills by 10.5% and gas bills by 8.4%, affecting typical households significantly. This decision is driven by rising wholesale energy prices and higher network charges imposed by the energy regulator. From April 2, the annual cost for electricity will increase by €171 and gas by €114 for typical customers, totaling a €285 increase for those using dual-fuel. The company previously reduced prices multiple times after the energy crisis but can no longer absorb costs due to market pressures. Managing director Stephen Gallagher expressed disappointment over the necessity for the price hike, attributing it to external regulatory pressures.
SSE Airtricity will hike electricity bills by 10.5% and gas bills by 8.4% in April, citing rising wholesale prices and higher network charges.
Managing director Stephen Gallagher emphasized that regulatory charges, which rose significantly, are outside their control, forcing them to raise prices.
The increase will cost typical households €171 annually for electricity and €114 for gas, totaling €285 for dual-fuel customers.
Wholesale electricity prices have surged by 67% in the past year, significantly impacting future pricing strategies for energy suppliers.
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