Editorial: Shop smart for best deal on energy
HARD-pressed householders are facing an "inevitable" increase in gas and electricity prices in the autumn. This comes on top of hiked mortgage rates, higher petrol and diesel prices and dearer food, with many families already struggling to cope with reduced pay packets and service charges.
Natural gas prices have also soared -- and much of our electricity is generated using natural gas.
The actual increases are not yet known, but last week one of the UK's biggest suppliers of electricity and natural gas increased its prices by a massive 19pc. The same here could mean the average Irish electricity customer paying an extra €100 a year, while the average gas customer would see €135 added to their bill.
Since the gas and electricity markets here were liberalised, customers can save up to 20pc on their bills with suppliers.
The best advice for under pressure consumers? Shop around for the best deal.