SSE Airtricity Price Hike: 9.5% Electricity Increase
- SSE Airtricity, a leading energy supplier in Ireland, has announced price increases for its customers.
- While the specific percentage of the price increase was not detailed in the provided text, SSE Airtricity cited both wholesale market volatility and increased regulatory network charges as...
- Managing Director of SSE Airtricity, Stephen Gallagher, acknowledged the disappointment the news would cause customers, stating that increasing prices is "always a last resort." He encouraged customers concerned...
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SSE Airtricity Announces Price Increases for Irish Customers
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SSE Airtricity, a leading energy supplier in Ireland, has announced price increases for its customers. The move comes amid continued volatility in wholesale energy markets and rising regulatory network charges.
Price Hike Details
While the specific percentage of the price increase was not detailed in the provided text, SSE Airtricity cited both wholesale market volatility and increased regulatory network charges as contributing factors. These network charges, essential for grid investment, are outside of the company’s direct control.
Managing Director of SSE Airtricity, Stephen Gallagher, acknowledged the disappointment the news would cause customers, stating that increasing prices is “always a last resort.” He encouraged customers concerned about their energy costs to contact the company to explore available solutions.
“We have payment plans, offers and tariffs in place to support customers this winter,” Gallagher said.
Financial Performance of SSE
the price increases come as the parent company,British utility SSE,reported a strong financial performance. SSE recorded an operating profit of £2.42 billion (approximately €2.78 billion) for the year ending march 2024. SSE Airtricity itself contributed £94.5 million (approximately €108.5 million) to the group’s operating profit over the same period.
| Company | Operating Profit (GBP) | Operating Profit (EUR) | Period |
|---|---|---|---|
| SSE | £2.42 billion | €2.78 billion | Year to March 2024 |
| SSE Airtricity | £94.5 million | €108.5 million | Year to March 2024 |
Consumer Advice
Considering the price increases, consumers are strongly advised to compare energy tariffs from different suppliers. Shopping around can potentially offset some of the increased costs. resources like Bonkers.ie and switcher.ie allow customers to easily compare prices from various providers. (Accessed September 19, 2024)