Just four months since their last price rise Electric Ireland have announced they are increasing prices again, this time by 13.5%.
In a move that may take many customers by surprise, electricity supplier Electric Ireland has announced a large increase of 13.5% to their tariff rate. This comes on the back of increases introduced earlier this year, in both February and August.
We take a look at this latest announcement from Electric Ireland and what it will mean for customers’ pockets
What does the price increase mean for customers?
Electric Ireland has over 91k electricity customers in Northern Ireland, around 11% of the domestic market, who will now see their bills increase.
The price change will come into effect from 1st November 2021 and will mean an increase of almost £87 for a typical customer*. This comes on the back of a 10.2% increase introduced in August, which added £60 to a bill, and an earlier increase in February of 3.7%, which added around £21 to a bill.
This latest announcement means that over the last ten months Electric Ireland have increased prices by over 27%, adding almost £170 to a typical customers bill.
To see what difference this can make to your bill compare electricity prices with www.powertoswitch.co.uk. We have already factored in what this price increase will mean for your electricity bill.
What Electric Ireland have said…
Commenting on the price increase, Clare McAllister, Northern Ireland Residential Manager, commented that Electric Ireland…
“It is with great reluctance that we have to increase our prices at this time but, as has been well documented, global wholesale prices continue to rise, leaving us with no option.
We would assure our customers that we will continue to keep costs as low as we can passing on savings when it becomes possible to do so.”
What tariffs do Electric Ireland provide…
Electric Ireland provide Pay as You Go (Keypad) and Credit (Bill Pay) tariffs for customers. You can choose between a discount rate tariff, or tariffs that come with a range of cashbacks across both keypad and bill pay.
Get in touch with your energy supplier
As everyone realises, we continue in uncertain times. It’s important to get in touch with your energy supplier to discuss any payment issues or concerns and help manage your account. Even providing an up to date meter read can make sure your payments are accurate and up to date.
Finding a better deal…
Yes, all suppliers have been increasing prices – but not to the same degree. There is a different of over £270 between the most expensive and most competitive electricity deal in Northern Ireland.
If you are looking to offset the price increase the quickest and easiest way to do so is to compare suppliers and switch to a cheaper deal using on www.powertoswitch.co.uk
At ‘Power to Switch’ we compare all tariffs and deals across all electricity suppliers to save you money. Switching is quick, hassle-free and means you keep more money in your pocket – you don’t even have to tell your old supplier you are leaving.
* Based on 24Hr standard tariff and 3,200 kWh annual usage