SSE Airtricity becomes the latest energy supplier to announce major price increases

The increases will take effect next month.

SSE Airtricity has announced that it will increase its standard gas and electricity tariffs for households from May 1.

It is the latest energy supplier to confirm that major price hikes for its customers are on the way, following similar announcements from Bord Gáis, Electric Ireland and Energia in recent weeks.

The changes made by SSE Airtricity will cause a typical electricity customer’s bill to increase by 24%, while a typical customer’s gas bill will increase by 32.3%.

The company also said bills for dual-fuel households would rise by 27.5% on average.

Price comparison website Bonkers.ie said the price increases would add around €338 a year to the average customer’s electricity bill and €333 a year to their gas bill.

SSE Airtricity said the price change is driven by record high wholesale energy costs which have disrupted energy markets across Europe.

“We know this price change will be disappointing for our customers and today’s announcement will not be good news,” the company’s chief executive, Klair Neenn, said in a statement.

“Throughout the winter, we have worked hard to limit the local impact of the global energy crisis by absorbing record high wholesale energy prices, hoping to see the pressure on price subside.

“Unfortunately, this has not been the case and energy prices continue to show high volatility and upward pressure.

“Unfortunately, this must now be reflected in our prices.”

SSE Airtricity has also announced a range of customer support services in response to the cost of living crisis, aimed at helping those under increased financial pressure.

It is bolstering its existing customer support fund with an additional €1 million, to provide direct support to customers in difficulty.

In addition to this, SSE Airtricity has said it will make a charitable donation of €1 million to a trusted charity partner which will be used to support those struggling with the cost of living as the market slumps. world continues.

The company also said it was ‘eager’ to help tackle some of the root causes of energy poverty and announced plans to help tackle energy inefficiency by supplying up to 600 vulnerable customers with home energy efficiency upgrades.

“Almost half of the energy consumed in a typical home comes from heating, and by addressing energy efficiency directly, we will not only reduce household energy bills, but also reduce harmful CO2 emissions and help those customers to get closer to net zero,” Neenn added.

“As always, I encourage any customer concerned about their energy costs to contact us, and we will work with you to find a solution together.”

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