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All the latest energy, telecoms and money news to keep you informed and on top of your finances.
Fresh hike in electricity bills expected from October, despite PSO Levy drop
02/08/2026: Irish households will face another electricity bill increase starting this October, following the Commission for Regulation of Utilities’ (CRU) approval of higher network charges.
The typical domestic customer will see network charges rise by around €41.25 annually, roughly €3.44 per month. This increase aims to fund vital upgrades to Ireland’s electricity grid, supporting renewable energy projects and meeting growing demand.
While the Public Service Obligation (PSO) levy will drop by 66%, experts warn that further price hikes are likely due to rising wholesale energy costs and the need for infrastructure investments to support a growing population.
National Broadband Ireland (NBI) reaches 500,000 premises milestone
01/08/2026: National Broadband Ireland (NBI) has reached a major milestone, with its high-speed fibre network now passing over 500,000 homes, farms, and businesses.
This means 89% of the 566,000 rural premises targeted in the National Broadband Plan can now connect to fibre broadband. The project remains on track to be completed by the end of 2026, with 11 more county completions expected by October.
With over 183,000 premises already connected - showing a 36% average take-up rate - Government officials praised the progress for securing essential digital infrastructure for generations to come.
Flogas announces electricity and gas price increase
19/06/2026: Flogas has announced that electricity and gas prices will rise for residential customers on variable tariffs from 20 July 2026.
The price rise will not affect customers on fixed-rate contracts. Electricity bills will increase by 10.9%, adding around €4.11 per week to the average bill. Gas bills will rise by 11.8%, adding around €3.47 per week.
Flogas said the increase is due to continued volatility in wholesale energy markets, geopolitical tensions and pressure across the wider energy market.
If you’re a Flogas customer on a variable tariff, it’s worth checking your current plan and comparing available energy deals before the new prices take effect.
Electric Ireland announces gas and electricity price rise from 1 July 2026
28/05/2026: Electric Ireland has announced its first price increase since October 2022, driven by soaring wholesale energy costs linked to the ongoing conflict in the Middle East.
From 1 July 2026, residential electricity bills will rise by 8% and gas bills by 7.7%. This will add approximately €11.52 per month (€2.66 weekly) for households on a standard electricity tariff and an additional €9.73 per month (€2.25 weekly) for residential gas customers, based on the estimated annual bill as defined by the Commission for Regulation of Utilities (CRU).
Electric Ireland commented that while long-term hedging strategies previously shielded consumers, rate hikes are now unavoidable, but noted that flexible payment plans and customer support measures are available to help households manage price changes.
ICS Mortgages to increase variable mortgage rates from July
22/05/2026: Non-bank lender ICS Mortgages is set to increase its variable mortgage rates for the third time this year.
From 1 July, ICS Mortgages’ variable rate for owner-occupiers will rise to 4.35%, while buy-to-let mortgage rates will increase to between 5.55% and 5.7%.
The latest hike could mean higher repayments for some variable-rate customers, and comes despite recent European Central Bank rate cuts giving many mortgage holders hope of lower borrowing costs.
If you’re on a variable rate or your fixed term is ending soon, it could be worth comparing mortgage rates to see if you could save by switching.
Latest Eurostat figures reveal Ireland has EU’s highest electricity prices
06/05/2026: Ireland now has the most expensive household electricity prices in the EU, according to the latest Eurostat figures.
Electricity here costs 40.42 cent per kilowatt-hour, nearly 40% above the EU average of 28.96 cent. That means the average Irish household is paying around €480 more a year for electricity compared with the EU average.
The figures come as PrepayPower becomes the first Irish energy supplier to announce a price rise in more than three years, with electricity prices rising by 8.8% and gas by 10.6% from 1 June.
For the average household, that works out at around €3.23 extra per week for electricity and €3.28 extra per week for gas.
With more price rises expected, now is a good time for households to check their tariff and see if they could save by switching.
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