More increases on the way for customers as major electricity provider announces price hike

The cost of an energy bill for Electric Ireland is set to rise by around €35 on average a year per customer after the energy provider announced that they will be raising their residential charges by around four per cent.

Electric Ireland are the retail band of the ESB, and their new charge increase will see the average customer's bill rise from €971 to over €1,000 a year, according to a representative from price comparison website Bonkers.ie.

"We are committed to keeping prices as low as possible for as long as possible," said Electric Ireland director Jim Dollard, stating that the company are trying to keep their prices down for as long as possible and will not be implementing the increases until the new year.

Electric Ireland are the latest energy provider to announce increases after SSE Airtricity previously did so and Bord Gáis said that they would be hiking the price of their electricity and gas.