Pinergy is the first electricity provider to announce an increase to its residential electricity prices for the autumn with a price hike coming in September.
The company, which has around 28,000 electricity customers, said the latest change will result in a 7.6% increase to the typical household cost from 14 September.
That’s equivalent to approximately €169 annually (incl. VAT) in an Estimated Annual Bill (EAB), based on a domestic customer using typical consumption per annum on standard tariffs.
It said there is no change to Standing Charges.
Earlier this year PrePay Power, Electric Ireland, Yuno Eergy and Flogas all raised their prices.
Today’s announcement is the energy transition company’s first general residential price increase since October 2025.
Pinergy said the increase is due to ongoing volatility in wholesale energy markets.
The CEO of Pinergy, Enda Gunnell said the continued volatility has pushed costs to a level that they can no longer absorb.
“Our hedging strategy has helped protect customers from much of the pricing volatility to date, but the scale and duration of what we’re seeing in wholesale markets means a change is now unavoidable,” said Mr Gunnell.
“We understand this comes at a difficult time for many households, and we would encourage any customer who is concerned about their bill to get in touch with us directly for support,” he added.
Commenting on the annoucement, Daragh Cassidy Head of Communications at bonkers.ie said: “This news isn’t surprising, unfortunately.”
“Year-to-date wholesale costs are now almost 20% higher compared to 2025, and are among the highest in the world.
“On top of this, we’ve seen fees for the management and upkeep of the electricity grid increase too.
“So the fear was that we’d see more price hikes as we got into autumn. And it’s likely most other suppliers will follow suit before the end of the year.
“This is the second time Pinergy has hiked its prices in just under a year. Last October it hiked its unit rate by almost 13%, which added almost €200 a year to customers’ bills. So its customers are now paying almost €370 more for their electricity compared to last year, which is a significant amount.
Mr Cassidy adivses that households struggling with high energy costs can look at options to switch to a cheaper supplier, examine ways to use less energy around the home and if they’re on a smart tariff, they can move their energy to times of the day when it’s less expensive.”
