Gas and electricity company Energia is to increase prices charged to its customers which will see their average bills go up by 15%.

In a statement, the company said the increases "are the result of a sustained period of elevated global energy market prices."

Both its electricity and gas customers will see their bills rise by 15% on average.

The company says this will mean an increase of €4.75 a week for the average electricity customer and €3.45 for the average gas customer.

The price increases will take effect from 25 April.

Energia's Director Republic of Ireland Customer Solutions, Andy Meagher, said the company had done its best to absorb the increases in wholesale and commodity costs but these price changes are unavoidable.

Last week, Bord Gáis Energy raised prices for its customers which it said would see the average electricity bill go up by 27% and the average gas bill go up by 39%.

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