Latest news with #FlogasEnergy


Extra.ie
26-07-2025
- Business
- Extra.ie
Electricity bills set to hike for thousands of Irish homes
Thousands of people are set to see an increase in their electricity bills soon with energy company Flogas hiking its rates. Starting on August 25th, the Irish provider is set to increase its variable electricity charges by around 7%. For a typical Flogas residential electricity customer, the changes will mean an increase of around €10.51 a month, or €126 a year, on their bills. Flogas are increasing their rates on August 25. Pic: Shutterstock The energy company currently has about 43,500 residential electricity customers on variable rates. Flogas Energy Managing Director Sean O'Loughlin stated, 'We will support affected customers through our Customer Service team as much as possible and have a range of options, including payment plans, Budget Plan and pre-payment meters.' The hikes come as the government has confirmed that one-off cost of living measures, bonuses and electricity credits will not be a feature in the upcoming budget. In recent years, the public has come to expect energy credits as part of the government's annual budget announcements. For Budget 2025, two €125 energy credits were issued with one in January and another in November. Previous budgets have included a range of cost-of-living supports such as double payments and bonus lump sums. However, these measures will not be included this year. Minister for Public Expenditure, Jack Chambers, stated that while several one-off payments were made in recent years for certain social welfare schemes, this year will mark a departure from that approach. Public Expenditure Minister Jack Chambers revealed no electricity credits will be in this year's Budget. Pic: Fran Veale Chambers appeared on RTE's News at One to give information on what shouldn't be expected in Budget 2026 and pointed out that the government wants to take decisions that would be 'sustainable with global uncertainty'. According to the Irish Independent, around one in eight domestic electricity customers were behind on their electricity bills earlier this year. Commission for the Regulation of Utilities figures showed that in the three months before April, a total of 286,000 households were in arrears. Pic: Getty Images This is up by 85,734 when compared with the same quarter last year. A total of 175,500 households are behind on gas bills, up around 15,000 on last year. Average arrears on electricity bills is €437, according to the CRU. On gas bills, the average arrears amount is €213. A sobering thought for many as we gallop towards autumn and winter and the colder months ahead.


Irish Post
25-07-2025
- Business
- Irish Post
Flogas announces energy price rise from August
PEOPLE in Ireland are facing another rise in their energy bills as Flogas has announced a 7% increase in its variable electricity charges, from August 25. The price hike, which is the company's first in three years, will see an average residential customer paying an additional €10.50 per month, or around €125 annually. The increase follows a 15% reduction in Flogas electricity rates last year, but the company says the move is necessary due to significant rises in network charges. Managing Director of Flogas Energy, Sean O'Loughlin, said the decision reflects a 21% increase in network costs that took effect in October 2024, with further increases expected in October 2025. Flogas currently supplies electricity to 43,500 residential customers on variable rates, all of whom will be affected by the change. Customers on fixed-rate electricity plans and those using Flogas for natural gas will not see any price adjustments. This latest announcement comes on the heels of news from EirGrid, which recently announced higher network charges approved by the Commission for Regulation of Utilities. These charges, aimed at funding upgrades and ongoing maintenance of the national grid, are expected to add an average of €8.40 per month, or roughly €100 annually, to people's electricity bills across the country. Flogas has advised customers that changes will apply to both unit rates and standing charges and has encouraged users to consult its website for full details. The company acknowledged the financial burden the increase may pose and is offering a range of supports, including payment plans. O'Loughlin urged customers experiencing financial pressure to reach out to Flogas for assistance, stating the company's customer service team is available to help as much as possible. The announcement adds to growing concerns over the cost of living, as Irish energy users contend with multiple price increases driven by infrastructure demands and regulatory changes. See More: Bills, Cost Of Living, Energy, Flogas