Energy bills are set to increase again for 130,000 households as providers discontinue high cuts on unit prices.
Customers in Ireland will see bills soar once again, with the average household paying €2,000 a year just for electricity, the Irish Independent reports.
The 130,000 customers, comprised of 105,000 for electricity and 29,000 for gas, switched suppliers since September last in order to avail of discounted prices on their bills, however, these discounts are now coming to an end.
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Plans are in place for prices to be cut by 10 to 20 per cent due to wholesale prices for gas and electricity dropping. The discounted rates, which lasted for approximately 12 months that are due to end, will see customers paying €800 to €1,000 more each year.
While the Government has provided three energy credits already, it is not expected that households will see any further credits until the next Budget is announced.
Speaking at the National Economic Dialogue over a week ago, Taoiseach Leo Varadkar said energy costs will remain high this coming winter, with inflation now "moderating."
He described energy poverty as "very real" and said that although prices may drop, they will not return to previous lows.
The Taoiseach stressed that the switch to renewable energy sources will provide price stability in the "medium to long term."
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