Energy Price Hike: Third Provider Raises Rates Due to Cold Weather

here’s a summary of the key points from the provided text regarding electricity and gas prices:

high Prices Persist: Wholesale electricity and gas prices are currently 80-90% higher than pre-Ukraine war levels.
Rising Grid Costs: A significant portion (around 30%) of electricity and gas bills goes towards the upkeep of the networks (Eirgrid, ESB Networks, and Gas Networks Ireland), and these costs are increasing.
Price Increases by Suppliers:
Flogas: Increased electricity prices by 7%, adding roughly €10.51/month (€126/year) to bills for 45,500 customers. The standing charge also increased from €257.38 to €275.39 annually. SSE Airtricity: Raised electricity bills by 10.5% and gas bills by 8.4% in April, affecting 250,000 electricity and 85,000 gas customers.
Focus on Electric ireland: Attention is now turning to ESB-owned Electric Ireland, which serves 1.3 million customers.

In essence, the text paints a picture of ongoing high energy costs driven by both wholesale market factors and increasing infrastructure maintenance expenses, leading to price hikes for consumers.