Electric Ireland is to raise energy prices for its residential customers from the start of July.
The utility company - which is a subsidiary of the State-owned ESB Group - said it would raise its residential electricity by 8% from 1st July, with gas prices rising by 7.7% at the same time.
For the average electricity customer, this will mean an increase of €138.24 to their annual bill, while the average gas customer will see their annual bill rise by €116.76.
Electric Ireland is the biggest residential electricity provider in the country, with 1.1m electricity customers.
It said the price rises were necessary as the conflict in the Middle East has resulted in "significant upward price pressure on wholesale energy markets".
It said it is the first time it has raised residential prices since October 2022, with three price reductions made in the intervening years.
It follows a price increase by PrePayPower at the start of the month, while both Energia and SSE Airtricity raised their residential energy prices in late 2025.
"The conflict in the Middle East continues to drive volatility in wholesale energy costs which have increased significantly," said Pat Fenlon, executive director at Electric Ireland. "Unfortunately, we cannot delay this increase any further due to the sustained upward price pressure on our wholesale energy costs."
Electric Ireland said it had a range of supports available to customers facing financial challenges, including flexible payment plans and pay-as-you-go meters.
