Energia is increasing its prices for gas and electricity.

Gas is to go up by 9.3%and electricity is going to rise by 4.73%.

The company said the rises will result in a €1.67 a week for electricity customers and a €2.74 a week increase for gas.

Households with dual fuel contracts will see a 6.73% increase to the average annual bill which equates to €4.41 per week.

A hand counting expenses of an electricity bill on smartphone calculator. Picture by: Sergio Monti / Alamy Stock Photo

Standing charges for electricity customers will jump by 5% but gas standing charges won't change.

The company says the rise will take effect on October 12th.

Gary Ryan, Managing Director Customer Solutions at Energia said, the company is always reluctant to increase its prices.

“However, the ongoing global volatility of wholesale energy markets and increased network charges means that it is now necessary for us to make a price change across electricity, and our first increase to gas since 2022.

Mr Ryan said they understand the price increases affects households and is encouraging people experiencing financial difficulties to contact them.

“We also collaborate with several charitable and support organisations such as St Vincent de Paul, MABS, Alone, and our customer service team are available to speak to any customers experiencing difficulty.”