Irish customers face hikes to their bills. Stock image: Getty
Flogas is announcing an increase of electricity prices of around 7pc from next month in a blow to customers.
For a typical Flogas residential electricity customer, the changes will mean an increase of around €126 per year or €10.51 a month.
This is the second price increase announced for customers this month after EirGrid announced plans that will lead to increased network charges.
These increases are partly due to the CRU approving EirGrid’s revenue requests for network upgrades and maintenance. The average monthly increase is expected to be around €8.42 from this, which translates to roughly €100 per year,
Flogas’ increases will take effect from August 25.
Residential natural gas customers are unaffected by the change.
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Flogas says it is their first price increase in three years and follows a 15% reduction in its electricity rates in 2024.
Unit rates and Standing charges will be changing and they have advised customers to consult their website for more details.
Flogas currently has 43,500 residential electricity customers on variable rates.
Residential electricity customers on fixed rates are unaffected.
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 21pc increase in network charges introduced in October 2024, with further increases anticipated in October 2025.
“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. We would ask any Flogas customer who is facing financial pressure around their energy bills to contact us,” O’Loughlin continued.
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