Pinergy electricity prices to rise 7.6% in September

Pinergy, an electricity provider with around 28,000 customers, has announced a 7.6% price hike in residential electricity rates beginning September 14th. This increase amounts to an estimated €169 annually, based on a typical household's energy consumption and standard tariffs. The company did not mention any changes to Standing Charges. Pinergy is the first electricity provider to raise prices this autumn, following others like PrePay Power, Electric Ireland, Yuno Energy, and Flogas.

The decision to raise prices is attributed to ongoing volatility in wholesale energy markets. Pinergy's CEO, Enda Gunnell, explained that the company's hedging strategy has mitigated some of the impact, but the scale and duration of the market fluctuations necessitate a price adjustment. Gunnell acknowledged that this news comes at a challenging time for many households and encouraged customers with concerns to reach out for support.

Expert Daragh Cassidy from bonkers.ie noted that the news is not surprising, given the significant rise in wholesale costs, which are now almost 20% higher than in 2025 and among the highest globally. Cassidy added that fees for grid management and upkeep have also increased, leading to the expectation that other suppliers will likely follow Pinergy's lead before the end of the year.

This is Pinergy's second price increase in under a year, with the last one occurring in October, where it raised its unit rate by nearly 13%. This last increase added almost €200 per year to customers' bills, leading to a total of almost €370 more compared to last year. Cassidy advised households struggling with high energy costs to consider switching to a cheaper supplier, reducing energy usage at home, and exploring cheaper energy times if they are on a smart tariff.