Electric Ireland is to raise prices for its customers in the New Year by 23.9%.
The energy company announced the tariff increase on Thursday and said it would come into effect from January 1, 2023.
It said that the increase would amount to about £5.62 per week extra for the average customer, with around 90,000 residential customers in Northern Ireland.
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The company had also instituted a price increase of 29% in October of this year for its customers.
That followed a rise in May of 30%, with the company saying wholesale prices were the driving factor behind their pricing strategy.
Bill Coyle, Head of Residential Northern Ireland, Electric Ireland commented: “Increases in our wholesale electricity costs, driven by substantial rises in international wholesale energy prices as a result of the ongoing energy crisis, have necessitated an increase to our residential tariff from January 1 next year.
"While we know this news is disappointing, we have written to our customers and advised them this increase is necessary and assured them we have tried to keep prices as low as possible.”
“We realise that the continuing cost of living crisis will make it difficult for some customers to pay their energy bill.
"Electric Ireland is committed to providing practical and tangible support to our vulnerable customers during these challenging times.
"We encourage any of our customers who are having difficulty to contact our customer care team or refer to the customer hub on our website.”
The company said it works with a number of organisations including Age NI, Advice NI and National Energy Action who might be able to offer help for customers.
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