Major blow for 43,500 Irish billpayers as electricity company to hike prices by 7% from next month as new costs revealed
Flogas has announced an increase of approximately 7 per cent in its variable charges - the company's first price increase in three years.
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The rates come into effect from August 25
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Irish homeowners are warned over the energy price hike
Credit: Getty Images
The price increase follows a 15 per cent reduction in its
The rates come into effect from August 25, 2025.
The spokesperson for Flogas states that the main reason for the
For a typical residential electricity customer, the changes will mean an increase of around €10.51 a month on their
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However, this affects only 43,500 residential electricity customers on variable rates, as those on fixed rates are unaffected by the change.
But they are warned that once the fixed rate contracts end, they will automatically default to one of their standard variable plans unless they enter into a new contract with Flogas.
Those on variable rates can minimise the impact of the price increases by taking advantage of their current
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Customers who recently switched to Flogas and are availing of a new customer discount will continue to receive the same discount, but it will now be based on a higher unit rate.
Commenting on the announcement, Sean O'Loughlin, Managing Director, Flogas Energy, said: "While we understand that any price change can be challenging for our customers, this announcement reflects a 21 per cent increase in network charges introduced in October 2024, with further increases anticipated in October 2025.
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"We will support affected customers through our Customer Service team as much as possible and have a range of options, including payment plans,
"We would ask any Flogas customer who is facing financial pressure around their energy bills to contact us
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Flogas has encouraged all customers to make sure they are on a discounted contract and, where they have a Smart meter installed, switch to a Flogas Smart Tariff.
The smart tariff can shift usage to lower cost times, meaning some appliances, such as dishwashers and washing machines, can be scheduled to run through the night, when the prices are cheaper.
'STILL REMAIN HIGH'
Commenting on the energy price increase, Darragh Cassidy from
"For example, wholesale electricity prices remain around 80 to 90 per cent above the level they were at before the war in
"On top of this, costs for the upkeep of the electricity grid in particular keep on rising.
"Around 30 per cent of the price we pay for our electricity and gas goes to Eirgrid and
"
'ANOTHER HIKE IS EXPECTED'
"For example last year the energy regulator, the CRU, approved a hike in grid fees for the electricity network that worked out at just over €100 a year per household.
"Another hike is expected in August. And further increases of between €6 to €16 a year have been flagged for the following five years after that.
"So unless we see wholesale prices start to fall substantially, more price hikes over the coming months and years can't be ruled out.
"All the other suppliers in the market are being faced with the same situation, so most are likely to follow suit by the end of autumn.
"However there are still good deals available to those who switch with discounts of up to 30 per cent or more available for an entire year. So anyone worried about high energy costs should absolutely looking at switching."
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