Irish energy provider set to raise prices blaming 'conflict in Middle East'

The energy provider has said the move is “unfortunate” but that they “cannot delay this increase any further’.

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The company is the biggest residential electricity provider in Ireland, with approximately 1.1m customers, has said it will raise residential electricity by 8% and gas prices by 7.7% from July 1.

This will mean an increase of €138.24 in electricity prices and €116.76 in gas prices for the average customers annual bill.

This is the first time in three years Electric Ireland has raised their prices since October 2022.

PrePayPower increased their energy prices at the beginning of May while SSE Airtricity and Energia raised their prices in late 2025.

Speaking on the increases, Executive Director at Electric Ireland, Pat Fenlon, said,

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“The conflict in the Middle East continues to drive volatility in wholesale energy costs which have increased significantly.

“Unfortunately, we cannot delay this increase any further due to the sustained upward price pressure on our wholesale energy costs.”

The company has reassured customers saying they have a range of supports for those experiencing financial challenges including pay-as-you-go meters and flexible payment plans.