Bord Gáis is increasing electricity bills by an average of 34 per cent and gas bills by 39 per cent, from October 2nd.
The company is blaming significant increases in wholesale energy costs.
Bord Gáis Energy hiking prices from 2 October, with average electricity bill to rise by 34% and gas by 39% https://t.co/FZIMpctR61
— RTÉ News (@rtenews) September 2, 2022
The average electricity bill will go up by over 48 euro a month, while gas bills will rise by over 43 euro a month.
As reported by RTÉ, the company increased its average electricity bill by 27% and its average gas bill by 39% in March.
Last year it raised electricity prices three times last year and gas prices twice.
The company has over 513,000 residential and business customers.
The move follows a raft of increases in recent days by a range of energy suppliers, including Electric Ireland.
Yesterday, the company announced its fifth price hike since the start of 2021.
One million customers will be hit with increased bills on October 1st.
Another big energy price hike.
Electric Ireland ups electricity prices by 26.7% - gas by 37.5% from October.@VirginMediaNews
— Richard Chambers (@newschambers) September 1, 2022
It had announced an 11 percent rise for electricity and 31 percent for gas in June of this year, while it also had an increase announced in May.