Electric Ireland to introduce extra credit for customers as energy prices soar

In summer, Electric Ireland announced plans to increase residential electricity bills by 10.9% and gas bills by 29.2%.

Europe got hit by roughly €1tn from surging energy costs in the fallout of Russia’s war in Ukraine.

Electric Ireland announced plans to give an additional €50 credit to its residential customers in the New Year as households battle cold snap while energy costs soar.

The energy company also said it will forego profit from its residential electricity business amid “exceptional circumstances”.