SSE Airtricity have become the latest energy provider to hike its prices by announcing a €50 per month increase to a home's electricity and gas bill.
The company confirmed today a 24 per cent increase in their electricity prices, while gas prices will go up 32 per cent.
An average dual fuel household's bill is set to increase by 27.5 per cent - an average increase of €51.56 a month.
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The move is set to impact around 250,000 electricity customers and 85,000 gas customers.
The company, however, is not increasing their standing charges, unlike competitors Bord Gais Energy and Electric Ireland.
They have also announced a €1 million expansion to their existing customer support fund as the pinch of the cost of living crisis hits homes across Ireland.
Managing Director of SSE Airtricity Klair Neenan said: “Throughout winter, we have worked hard to limit the local impact of the global energy crisis by absorbing record high wholesale energy costs, hoping to see pressure on prices ease.
“Sadly, this has not been the case and energy prices continue to demonstrate sharp volatility and upward pressure.
"Regrettably, this must now be reflected in our prices."
Darragh Cassidy from Bonkers.ie noted that the company had already increased their prices three times in 2021, with the average customer now paying an extra €1,100 in comparison to just twelve months ago.
He added: “To say these are unprecedented times for the energy sector is an understatement.
"More price hikes from suppliers later in the year can’t be ruled out.
“Since October 2020, when prices began to rise, some suppliers have announced price hikes that have added almost €1,500 to households’ annual gas and electricity bills. We’re in a crisis.”
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