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PrepayPower becomes latest energy company to announce price hike

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The increases will kick in from 1 October.

Image: Shutterstock Image: Shutterstock PREPAYPOWER HAS BECOME the latest energy firm to announce it is increasing its prices.It is expected that the changes will increase the cost on average by €6.53 and €8.24 per week.

“We continue to work hard to protect customers to the greatest extent possible from the impact of these international developments.” Figures from the CSO show there was an increase in the price of wholesale electricity in July, with prices 47% higher than the previous month. The price of electricity is now 86.3% higher than in July 2021.

Earlier this month, EirGrid temporarily issued an amber alert warning of low winds and tight margins between demand and supply – the latest in a series of such alerts in recent weeks.A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article.

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