Household electricity prices could rise by up to 9% by summer, minister warns

A study from the Economic and Social Research Institute (ESRI) has suggested that Ireland already has the highest electricity prices in Europe, with household electricity prices rising by 4.7% in the last year. 

Household electricity prices could rise by up to 9% by the summer, while the cost of flights are also expected to surge, senior government figures have warned. 

Ireland's energy regulator has said it is “impossible" to accurately predict how electricity bills will rise due to the war in Iran, but the Taoiseach and the minister for energy have both warned consumers to prepare for more financial pain.