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Tuesday September 21st 2021

Changes to electricity and gas prices from October

PrepayPower has announced that as a result of continued upward price pressure on international energy markets, it must increase prices for electricity and gas by 9.7% and 8.0% respectively. The increase will take effect from 22nd October next.

This equates to an increase of just under 37 cents per day for electricity and 21 cents per day for gas for a typical customer.

This increase follows continuing upward pressure on wholesale electricity prices and commodity prices on both national and international markets in recent months. A number of other suppliers of electricity and gas have been forced to announce price increases significantly higher than those being announced today.

Speaking today a spokesman said; “We are continuing to take action to try to minimise the impact of upward price pressure from the markets on our customers. We have been able to keep price rises lower than many of our competitors but we have no option but to pass on this increase. Customers can reduce the impact of this increase through our app which allows them to monitor and manage their use of electricity and gas.

 

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Changes to electricity and gas prices from October

PrepayPower has announced that as a result of further upward pressure on international energy markets, it must increase prices for electricity and gas by 2.19% and 8.32% respectively. This will equate to an increase of 58 cents per week for electricity and €1.43 per week for gas for a typical customer. The increase will take effect from 1st October next.

This increase follows continuing upward pressure on both wholesale electricity prices and commodity prices on international markets in recent months. A number of other suppliers of both electricity and gas have been forced to announce price increases significantly higher than those being announced today.

Speaking today a spokesman said; “Our ability to hedge against future price increases has enabled us to keep this price rise to a minimum but unfortunately we can not ignore the unprecedented upward pressure on wholesale costs in recent months. We appreciate that any increase is unwelcome and are disappointed to have to pass this on to customers.

PrepayPower announces changes to electricity and gas prices.

PrepayPower, Ireland’s leading PAYG energy provider (PAYG = Pay As You Go) has announced that it will increase prices for electricity and gas by 9.7% and 4.4% respectively. This will equate to an increase of €2.35 per week for electricity and €0.72 per week for gas for a typical customer. The increase will take effect from 8th July 2021.

This increase follows continuing sustained upward pressure on both wholesale electricity prices and commodity prices on international markets in recent months. A number of other suppliers of both electricity and gas have been forced to announce price increases significantly higher than those being announced today.

Gas prices were reduced by the company in Spring 2020. After this increase the unit rate will remain 6% lower than at the start of 2020.

Speaking today a spokesman said; “The upward pressure on wholesale costs in recent months has been very considerable. We have sought to protect our customers from the full impact of these cost increases. We have held our current prices for as long as possible and the increases are less than the wholesale cost increases merit. We have been able to keep gas prices lower than at the start of 2020

PrepayPower announces cuts to electricity and gas prices

Savings of almost €100 p/y on average for dual fuel customers.

PrepayPower, Ireland’s leading PAYG energy provider (PAYG = Pay As You Go) today announced a decrease in its energy prices.

The company, which supplies in excess of 150,000 electricity customers and 50,000 gas customers is reducing its unit rate for electricity by 2.5%, with a 11.5% decrease in the unit rate for gas.

This means a saving of over €97 per year on average for all of our dual fuel customers. The reduction will come into effect for all customers from 1st April 2020.

Cathal Fay, CEO of PrepayPower commented “we are delighted to be able to pass on this price reduction to all of our customers. They also continue to enjoy the control that our service gives them which helps them reduce consumption when and where they wish."