Panda Power and Pinergy to increase gas, electricity prices

Panda Power and Pinergy are the latest power providers to announce price increases.

From the start of August, Panda Power will be raise its standard electricity unit rate by 5.9 per cent and its gas unit rate by 5 per cent, an increase of almost €80 on a typical dual fuel bill.

Panda Power managing director Brendan Traynor said the increases were due to the rising cost of wholesale energy globally.

“While we have done everything we can to offset the effect of market volatility on our customers, we have had to take this necessary action and reflect the market changes in our energy prices,” he said.

Published in Irish Times, 3rd July, 2018