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Pinergy will raise its electricity prices from mid-September, a change that will affect about 28,000 households and add roughly €169 to the average household’s annual bill. This is the supplier’s second increase in under a year and follows a previous rise announced last October.
How the new increase works
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The company said it will lift the electricity unit rate by just under 10%, while leaving the standing charge unchanged. Based on average usage, Pinergy estimates a typical bill will climb by about 7.6%.
A company spokesman described the change as “in response to prolonged volatility and elevated pricing in wholesale energy markets caused by the continued conflict in the Middle East.”
What this means for customers
The rise will add around €169 a year for the average household. Last October, Pinergy increased its unit rate by almost 13%, which then added nearly €200 to a typical annual bill.
Enda Gunnell, Pinergy’s founder and chief executive, said: “continued volatility in wholesale energy markets has pushed costs to a level that we can no longer absorb.”
Drivers behind the climb in costs
Independent analysts point to renewed instability in international energy markets as the main pressure pushing wholesale prices higher.
Daragh Cassidy of switching site Bonkers.ie warned that recent trends were expected. He said: “Over the past few months, wholesale electricity costs have begun to creep up again, largely due to the renewed conflict in the Middle East.”
“Year-to-date wholesale costs are now almost 20% higher compared to 2025, and are among the highest in the world,” Mr Cassidy added. He also noted: “On top of this, we’ve seen fees for the management and upkeep of the electricity grid increase too.”
What households can do
Consumers are being urged to compare tariffs and consider switching suppliers as the fastest way to reduce bills. Switching services such as Bonkers.ie can help identify lower-cost options.
Analysts say more suppliers may announce increases before the end of the year, so reviewing your tariff now could limit the impact of further rises.
