Electric.ie July/August Edition

ELECTRIC.IE • The Magazine & Website for the Irish Electrical Industry • 47 required to supply electricity and gas are continuing to rise." Over the past number of years, Electric Ireland have passed on savings as a result of wholesale energy cost ǡ Ƥ supplier in the Irish market ơ savings of up to 8.5 per cent to residential electricity and gas customers. Electric Ireland also continues to give a 5 per cent discount to customers Ƥ hardship through Industry Prepayment meters and via the Household Budget Scheme.” E lectric Ireland will increase electricity prices by 6.2 per cent and gas prices by 8 per cent from 1st August 2018. This equates to €4.68 per month (incl. VAT) for electricity and is based on the typical residential electricity customer with an electricity usage of 4,200 kWh per annum. For gas customers, it equates to €4.59 per month (incl. VAT) and is based on the typical residential gas customer with a gas usage of 11,000 kWh per annum (Typical usage is as Ƥ for Regulation of Utilities). SSE Airtricity had already announced that it was raising electricity and gas prices at the beginning of June by 6.3 per cent on electricity and 12.3 per cent for gas. These increases are in direct response to sustained increases in wholesale energy prices. Niall Dineen, Head of Residential Markets, Electric Ireland commented “Electric Ireland is absolutely committed to keeping prices as low as possible. It has been ƥ make, but the wholesale costs Electric Ireland announces energy price increase from1st August Industry News 01453 2522 Control & Signalling from AP Haslam High performance IP66/69K switching for severe environments Outdoor machinery & industries subject to high humidity and dust Greatest protection from high-pressure/ temperature sprays and submersion Wide range of options for further customization Talk to us about your requirements