Pinergy announces increase to residential electricity prices due to ongoing volatility in wholesale energy markets

 

Pinergy, the energy transition company, has today announced an increase to its standard residential electricity prices from Monday 14th September 2026. The change is in response to prolonged volatility and elevated pricing in wholesale energy markets caused by the continued conflict in the Middle-East.

The latest change will result in a 7.6% increase to the typical household cost, equivalent to approximately €169 annually (incl. VAT) in an Estimated Annual Bill (EAB), based on a domestic customer using typical consumption per annum on standard tariffs. There is no change to Standing Charges.  Today’s announcement is Pinergy’s first general residential price increase since October 2025.

Pinergy CEO, Enda Gunnell, says: “Unfortunately the continued volatility in wholesale energy markets has pushed costs to a level that we can no longer absorb. Our hedging strategy has helped protect customers from much of the pricing volatility to date, but the scale and duration of what we’re seeing in wholesale markets means a change is now unavoidable. We understand this comes at a difficult time for many households, and we would encourage any customer who is concerned about their bill to get in touch with us directly for support.”

Pinergy customers are empowered with the latest smart technology, giving them visibility of their energy consumption every 30 minutes via the Pinergy App.  We are encouraging domestic customers to download and use the app to identify potential savings, as we estimate that between 15% and 20% of energy in the home can be wasted.

Any customers who may need additional assistance with energy costs are encouraged to visit Pinergy’s website for supports.

Standard Rates, Standing Charges & MicroGen payments effective from Monday 14th September 2026

24 Hour Standard Rate (ex. VAT): 42.02c per kWh

Standing Charge (ex. VAT): 71.25c per day (no change)

Daytime Standard Rate (ex VAT): 43.15c per kWh

Night-time Standard Rate (ex VAT): 30.63c per kWh

Standing Charge (Urban) (ex. VAT): 77.65c per day (no change)

Residential MicroGen payments: 18.5c per kWh (no change)