Electricity supplier Share Energy has confirmed it will increase electricity prices for customers in Northern Ireland, marking the first price rise since the company entered the market in September 2024.
With other electricity suppliers increasing prices or removing discounts and offers, it’s a clear signal that rising wholesale energy costs are beginning to feed through to household bills once again.
What does the price increase mean for customers?
Share Energy tariffs will increase on 1st April 2026.
The increase will see the annual bill for a typical customer (bill pay and keypad) rise by around £213 per year. The increase will mean that the annual electricity bill for a credit customer will cost £1,071 and £1,084 for a keypad customer.
For customers on Economy 7 (or Shares Eco / EV tariff) prices will also increase but by less. These customers will see their ‘Bill Pay’ and ‘Pay as You Go’ bills increase, on average, by around £87 per year.
Share Energy have confirmed that there will be no change to the daily standing charges (p/day). The changes in rates and charges are already factored into our comparisons on Power to Switch.
Share Energy – a relatively new supplier in Northern Ireland
Share Energy is the most recent electricity supplier to enter the Northern Ireland domestic market, launching in September 2024.
At the time, its arrival was seen as an important development for competition in the market, giving consumers another option beyond the more established suppliers.
The company has grown quickly to over 30K with customers highlighting its competitive pricing, straightforward tariff structure and 50:50 profit share model.
What should households do now?
We are once again living in uncertain times, with growing concern about how global events may affect the price households pay for electricity.
While as consumers we cannot control what happens in global energy markets, there are still steps we can take to make sure we are not paying more than necessary for our home electricity.
- First, know who your supplier is and which electricity tariff you are currently on, as well as how much you are paying.
- Even when prices are changing across the market, there will always be a range of tariffs available from different suppliers. This means there is usually a significant difference between the cheapest and most expensive deals available.
- Currently in Northern Ireland, the difference between the best and most expensive electricity deal is almost £375 per year for a typical household.
Put simply, while you cannot control global energy prices, you can control the rate you pay for electricity at home — and it doesn’t makes sense to pay more than you have to. At Power to Switch, we compare every tariff and deal from all electricity suppliers to help you save money. Switching is fast, hassle-free, and puts more money back in your pocket – no need to even notify your old supplier!
Compare all the latest electricity tariffs and switch supplier in just a few minutes using Power to Switch
* typical customer is based on an average household usage of 3,200 units (kWh) per year.
