(Dublin – 9th March 2021) Panda Power has announced today that due to sustained rises in external costs; including network and market charges, they will be increasing electricity prices by 7.5% from April 8th, 2021. Gas prices will remain unchanged.
This will mean that a typical household electricity bill for customers not on a discounted rate will increase by around €84.58 per year. This rise will be significantly lower for customers on discounted plans.
Panda Power Managing Director Brendan Traynor commented that the increase was “unavoidable due to increasing external wholesale market and network costs“
He continued: “We have kept this increase as low as possible and we remain committed to offering our customers long-term value and discounted rates every year that they are with us.”