'Here we go again' - Irish electricity customers facing new price hikes of over €200 per year

Thousands of Irish customers are bracing themselves as new price hikes have been announced that will likely cost households more than €200 extra per year.

Energia, which serves over 250,000 homes and businesses across Ireland as of 2024, announced the increase this week, calling them "unavoidable" due to ongoing substantial increases in electricity system operator and network charges, adding that the "expenditure is needed to ensure reliability, efficiency and decarbonisation of the electricity supply in Ireland".

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Energia customers can expect to see a 10.9% increase in their annual electricity bill which equals €3.94 per week. These price changes will only effect electricity customers, there is no change to it's gas prices.

Dual fuel customers can expect to see a 6% increase in their annual bill which equals €3.92 per week, while customers on Energia's Smart Meter electricity will see a slightly bigger 12.1% increase to their annual bill equaling €3.73 per week

Speaking on the increase, Energia's customer solutions managing director, Gary Ryan, said,

"Over the last three years, we have absorbed several increases in system operator and network costs and have decreased our prices twice.

"This price change is directly linked to increasing system operator and network charges associated with addressing network constraints, maintaining system security, and investing in the grid which support the required broader enhancement of the electricity network and market operation across Ireland".

He added the "scale of the cumulative system operator and network charges to date has had a significant impact on our current customer price structures, making this price change now unavoidable.

"As such, we would encourage the Government to further its direct exchequer investment in the network to not only enhance it but also offer electricity users pricing stability."

The price increase is set to kick in immediately the day after Budget 2026 on October 8th, and from what we know so far, there will be no one-off packages in the Budget to help curb the cost-of living crisis.

The move has been met with disappointment not only from customers, but from those in Government, with Sinn Féin's Pearse Doherty taking to X to express his opinion.

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"Here we go again! Energia has just announced a big price hike in its electricity prices. The hike will kick in straight after the Budget in October and will cost households hundreds of euro more in their bills.

"Meanwhile, Fianna Fáil-Fine Gael will pull the rug from under households by withdrawing energy credits. It’s a terrible decision and I’m urging the government not to go ahead with it. This latest hike shows why we must end the rip-off, get costs under control and support workers and families in the Budget."

Here we go again! Energia has just announced a big price hike in its electricity prices. The hike will kick in straight after the Budget in October and will cost households hundreds of euro more in their bills.

Meanwhile, Fianna Fáil-Fine Gael will pull the rug from under…

— Pearse Doherty (@PearseDoherty) September 9, 2025